Fed will keep buying mortgage bonds — for now

Tapering could happen sooner rather than later, with most policymakers open to short-term rate hikes in 2023. Policymakers at the Federal Reserve on Wednesday restated their commitment to keeping a lid on long-term interest rates, saying they’ll continue buying $80 billion in long-term Treasurys and $40 billion in mortgage-backed securities each month “until substantial further … Read more

Share of mortgages in forbearance continues to dwindle

About 2.1 million homeowners remain in forbearance, and close to half of those borrowers haven’t made a payment in more than a year. The ranks of homeowners taking a break on their mortgage payments during the pandemic continues to thin, with the share of mortgages in forbearance dropping for the 11th week in a row … Read more

Tampa Bay News