Mortgage-backed securities went ‘no-bid´ on Friday after latest surging inflation report

Mortgage-backed securities went ‘no-bid´ on Friday after latest surging inflation report

As the Fed continues to raise interest rates, the mortgage market continues to run into problems.

And after Friday’s latest disastrous inflation report, Zero Hedge is reporting that the mortgage-backed securities market went ‘no-bid,’ similar to what we witnessed in 2008 when the whole sector was melting down.

To find out more about what happened, click to watch this brief update now!

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