From Inman News:
In a bid to keep mortgage rates low, the Federal Reserve said Thursday it will boost purchases of mortgage-backed securities this year to as much as $1.25 trillion — a $750 billion increase from a previous commitment.
The move should give would-be homebuyers and those seeking to refinance confidence that mortgage interest rates will stay low for months to come. So far, the Fed has used up only $217 billion of a $600 billion program launched last fall to drive down mortgage interest rates.
