Mortgage investors are watching the Fed meeting today for signs of when the pace of buying could slow.
- The central bank is not
expectedto announce the changes at this meeting, but the words of Fed Chairman Jerome Powell will be scrutinized.
- Investors began to set prices for eventually buying mortgages, forming a consensus on a start date in the first quarter of next year.
- This is reflected in the estimates: Fannie Mae’s 30-year current coupon, split between 5- and 10-year Treasury yields – a popular metric – closed at 0.74% on Tuesday, closing …