What can the government do to lower mortgage rates?

Mortgage spreads fell to 1.96% and kept rates under 7%, but Iran conflict risk and Fed hawkishness left the 10-year yield near yearly highs. Last week Treasury Secretary Scott Bessent made a big announcement to try to calm the long end of the bond market — a larger debt buyback plan that will start on Sept. 9, which I see as a more defensive play. This follows the intervention on the Yen using euros, not dollars, which was another attempt [1].

Sources

1. housingwire.com · What can the government do to lower mortgage rates? Aug 22, 2026
2. cnbc.com · U.S. military says it aided passage of 660 million barrels of oil through Strait of Hormuz since May Aug 21, 2026

This is the neutral brief the press writes once, for everyone, before each reader’s paper adds its own so-what. It links out; it does not republish. 2 articles clustered.

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