logo

Join Today

Sign In

Sign In

logo

Economy

The Fed’s 15 Minutes: Plan to Offload Mortgage-Backed Securities Could Push Interest Rates Even Higher

What the Fed has said ‘has already had a huge impact on interest rates in general and mortgage rates in particular. Housing affordability numbers have gone through the floor. Affordability is now at record low levels.’

The seal of the Board of Governors of the United States Federal Reserve System. AP/Andrew Harnik, file

SCOTT NORVELLIMAGE

SCOTT NORVELL

Friday, May 20, 2022

06:48:30 am

author

SCOTT NORVELL

Mr. Norvell has more than 30 years experience in the media business, primarily with start-ups. He helped launch CNN’s first online news product in 1995, and was recruited to launch the Fox News Channel in 1996 as its first Latin America bureau chief. His reporting and writing has appeared in The New York Times, The Washington Post, Time and Fortune magazines, The Miami Herald, the Los Angeles Times, and others.

Commenting is available to  Sun Readers , Sun Members and Sun Founders only. Comments are reviewed and, in some cases, edited before posting. Chances of a comment being posted are increased if the comment is polite, accurate, grammatical, and substantive or newsworthy.

Join a Conversation
footer logo

© 2022 The New York Sun Company, LLC. All rights reserved.

Use of this site constitutes acceptance of our Terms of Use and Privacy Policy. The material on this site is protected by copyright law and may not be reproduced, distributed, transmitted, cached or otherwise used.

ABOUT THE SUN

Welcome Back

Email Address

Password

Uphold the finest journalistic traditions.

Stand with The New York Sun