Mortgage Securities Supply Grows Slower than Total Mortgage Debt Because of Slow Agency Sectors
September 17, 2004
The outstanding supply of securities backed by single-family mortgages rose a scant 1.5 percent in the second quarter of 2004 – only about half the rate of growth in the total supply of home loans. According to updated data released by the Federal Reserve Board this week, the total U.S. home mortgage market grew by 3.0 percent during the second quarter, to $7.571…