For Mortgage Markets, the Outlook is Sunny

National Mortgage News, June 2, 2020–Christopher Bennett (subscription)
While the Federal Reserve’s action the week of March 23 tremendously overdid things, sending mortgage-backed security prices skyrocketing over 500 basis points, its later move to a more measured pace of participation has helped do what was originally intended, to help support liquid and relatively stable MBS markets. While there may have been a bit of pain felt early on, things have gotten better, slowly but surely. Just like volatility begets volatility, calmness helps support continued calm.
https://www.nationalmortgagenews.com/opinion/for-mortgage-markets-the-outlook-is-sunny