This backing of their debt will lower the yields on their bonds and ease down mortgage rates overall.
OK, that makes some sense. They have a lot of clout and I can see the possibility there. Thanks.
By the way, I’ve been under the belief that the higher mortgage rates were due to inflation fears, so I didn’t think FnF would impact the rates much in light of inflation fears. Any comment on that? Don’t the inflation fears still dominate the 10 year bond and mortgage rates, or am I missing something?