Will the Fed Rescue the Housing Market?

Is the Fed strangling the housing market? PIMCO urges a change in the Fed's mortgage bond strategy, arguing that reinvesting in mortgage bonds could slash rates and boost affordability, potentially mirroring a 1% rate cut. Sticking to the current path, warns PIMCO, could keep homeownership out of reach for years to come. Hosted on Acast. See acast.com/privacy for more information.