Fed Bond-Buying May Drop Mortgage Rates to Under 3%
March 25, 2020 at 08:00 AM EDT
As part of its efforts to stem the tide of the coronavirus contagion in the capital markets, the Federal Reserve ramped up its bond-buying in addition to slashing interest rates to zilch. In turn, this will help drop mortgage rates vis-a-vis 2008 when a similar program helped to drive down rates during the housing crisis.