The Federal Reserve held a pivotal meeting in early November regarding their plan to begin reducing purchases of Treasury bonds and Agency mortgage backed securities. The Federal Reserve currently buys $80 billion worth of Treasury and $40 billion worth of mortgage backed securities each month to add liquidity and keep the economy healthy. This is the largest asset purchase in Fed history due to the severity of the pandemic induced recession. Michael Chabot discusses how they will start tapering these purchases and how it affects interest rates, homebuyers, Realtors, and the mortgage industry as a whole. This information is important to understand and Michael breaks it down for you. Watch now!