News & Insights

Mortgage rates recently dipped close to 6%, a meaningful psychological and economic threshold for both borrowers and lenders. That move has been closely tied to the GSEs’ announcement of roughly $200 billion in mortgage-backed securities purchases, which helped tighten MBS spreads and pull conventional mortgage rates lower. While that development has sparked comparisons to the Federal Reserve’s MBS buying during the pandemic, today’s environment and its implications for credit unions, looks very different.