Fed Votes To Buy Up Treasuries, Keep Mortgage Rates Low

Fed Votes To Buy Up Treasuries, Keep Mortgage Rates Low

The Fed voted Tuesday to reinvest expiring mortgage-backed securities by putting the money into longer-term Treasuries. That, and the decision to keep rates at 0 to 1/4 percent, should keep mortgage rates low. Here’s the full statement following their coffee klatsch: [More]