Fannie Mae-No Politics (FNMA)

[Donotunderstand]

that -- unless I missed it in the article is your added line

that buy back is not having a substantial impact


they studied - researched - impact of lower interest rates per the new model

any strong tie to buy back of paper on the market must assume that is the key way interest rates are kept low

I suggest Fed Rate and other activity may be more powerful - but that is only a guess

My guess - if the buy backs stopped slowly - the interest rates we see would not rise fast unless the FED took other bigger steps ---- (why? Companies are awash with CASH -- big time --- thus have little need to issue bonds and create a price rising (interest rate rising !!!) market