Federal Reserve Now World’s Largest Investor: Fed Now Owns Nearly One Third of All US Mortgages

• WallStForMainSt
  The Federal Reserve has snapped up $1 trillion of mortgage bonds since March, a record pace of purchasing. The Fed bought around $300 billion of the bonds in each of March and April, and since then has been buying about $100 billion a month. It now owns almost a third of bonds backed by home loans in the U.S. Buying the securities has pushed mortgage rates lower, with the average 30-year rate falling to 2.91% as of last week from 3.3% in early February. Also, according to Bloomberg News, the Fed now owns a total of 22,913 different securities (mostly bonds) and it is the world’s biggest investor. Talk about crowding out the private sector and picking winners and losers in the private sector! The Fed also paid over 100% (above par value) for many of the corporate bonds that they have purchased. And bond fund managers like Lacy Hunt are patting themselves on the back for their profitable bond trades front running the Fed, ECB, etc and claiming they were right about deflation? LOL  
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  Fed’s Mortgage-Buying Spree at $1 Trillion With No End in Sight
  https://finance.yahoo.com/news/fed-mo…
  The Fed Now Owns Nearly One Third of All US Mortgages
  https://www.thestreet.com/.amp-mishta…
  Dr. Ron Paul Op-Ed from June 2020 about needing to audit the Fed again because of their individual corporate bond purchases: The Federal Reserve is Getting Desperate
  http://ronpaulinstitute.org/archives/…
  CDC issues federal eviction moratorium through end of year
  https://www.leadingage.org/regulation…

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