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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: Lazarus who wrote (189479)	5/2/2023 5:44:24 PM
From: SGJ	Read Replies (1) \| Respond to of 207832

Banks sell them and keep the servicing, as they call it. They send you the monthly statement, process the payments and keep up with the accounting for a few basis points. They sell the mortgages off to brokers who specialize in packaging them as MBS which then the majority is bought by the FED. So the answer is mostly the Federal Reserve.

To: Lazarus who wrote (189479)	5/2/2023 9:51:35 PM
From: robert b furman	Respond to of 207832

Because that was a bad mistake believing that money would be free forever. After all our fine government (with both parties to blame) have been on a decades long spending spree. Surely they would never increase rates with the burdensome debt load they enjoyed buying votes with. Then the unintended consequences happened, Inflation. As Milton Friedman said: youtube.com How long it takes and how high rates must go is anyone's guess. My bet is watch the price of crude, and don't spend your entire savings locking in 5.5 to 6 percent for longer than 2-5 years. , No one knows how long the trillions spent world wide saving people from the flu, compounded with the reduction of globalization supply chains and its deflationary benefits will take to unwind - assuming they do. Vastly beyond my pay scale! Bob