We employ empirical pricing models for mortgage-backed security (MBS) yields and for mortgage rates to measure … announced on November 25, 2008 and completed on March 31, 2010 -- affected risk premiums that were embedded in mortgage and swap … backing for mortgage markets in particular and for the financial system more generally, reduced mortgage rates by about 85 …

The largest credit or liquidity program created by the Federal Reserve during the financial crisis was the mortgage …-backed securities (MBS) purchase program. In this paper, we examine the quantitative impact of this program on mortgage interest rate …. Our empirical results attribute a sizable portion of the decline in mortgage rates to such risks and a relatively small …

Mortgage dollar roll is the most common financing strategy for agency MBS. Effectively a collateralized loan, it …

mortgage rates. The Federal Reserve's accumulation of MBS and Treasury securities lowered MBS yields and mortgage rates by more … turn significantly lower mortgage rates …

We examine the quantitative impact of the Federal Reserve's mortgage-backed securities (MBS) purchase program. We focus … on how much of the recent decline in mortgage interest rate spreads can be attributed to these purchases. The question is …