We provide an empirical analysis of the effects of the Federal Reserve's asset holdings on MBS yields and mortgage … rates. We argue that understanding the particulars of the U.S. mortgage markets, particularly the linkages between the … secondary and primary mortgage markets, is important. We find evidence that the Federal Reserve's portfolio holdings influence …

Under-refinancing limits the transmission of accommodative monetary policy to the household sector and costs mortgage … likelihood mortgage holders are attentive by over 60%, from 24% to 39%. A conservative back-of-the-envelope cost …

) quantitative easing (QE) announcements on the mortgage market during the zero lower bound (ZLB) period. A total of 35 QE …-year mortgage rate, the 30-year Treasury rate and the spread between them. Announcements suggesting the start of a new … round of QE reduced the mortgage rate tremendously, while the effects of further news diminished. Announcements of an …

In March 2020, massive customer selling of U.S. Treasury securities and agency mortgage-backed securities (MBS …

China (PBC) guidelines intended to decrease mortgage lending and to slow down the rise in residential property prices. We …

behaviour of Italian mortgage lenders using a novel loan-level dataset. When policy rates turn negative, banks with higher …