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Commercial Banks Taper Treasury Purchases | Joseph Wang & DC Analyst
Forward Guidance
The Fed's Estimate of Mortgage Users Paying Down About $25 Billion a Month Going Forward
The New York Fed has this estimate that the mortgage users will pay down about $25 billion a month going forward. So it looks like we're gonna be short of that cap for the next two years, okay? That's probably to give them some leeway to sell if they want to. One thing you guys should keep in mind though is that all these people who have very low mortgages, they're never going to sell.
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