08/26/2026
Housing Market Update
The U.S. Treasury will double its buyback program starting September 9, to roughly $5.5 billion per month (through at least November 4).
This comes amid sharply higher Treasury yields (30-year near 20-year highs; 10-year highest since January 2025) and heavy government + corporate bond supply. While far smaller than past Fed QE, the increased buybacks should support the bond market, improve liquidity/demand, and help push long-term rates—including mortgage rates—lower.