End of QE2: June 30, 2011
What the Fed did
- As previously announced, the Fed concluded its $600 billion bond purchasing program.
- QE2 was conducted at an even pace, and the end date was telegraphed from the start of the program.
What was expected
When the program was about to end, some mortgage experts feared rates would rise.
What happened
Mortgage rates have tumbled since QE2 ended and have recently reached record lows.
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