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04-06-2010, 07:35 PM #1
Fed Ends MBS Intervention
Fed Ends MBS Intervention | Print | E-mail
Written by Bob Adelmann
Friday, 02 April 2010 19:30
The Federal Reserve ended its largest intervention in the housing market on April 1, ceasing its purchase of Mortgage-Backed Securities (MBS) that began in September of 2008 in order to keep the housing market from imploding.
According to the New York Times, the program succeeded in keeping “mortgage interest rates at near-record lows and slowing the nationwide decline in home prices.â€
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