Why Treasury’s $6 billion bond buyback didn’t lower mortgage rates

Mortgage and refinance rates have surpassed the 7% threshold as of Thursday, September 10, 2026. Despite a $6 billion bond buyback initiated by the Treasury, this specific financial maneuver failed to produce a decrease in mortgage rates. The current market data indicates that the Treasury's intervention did not achieve the intended goal of lowering borrowing costs for homeowners, leaving rates at their elevated levels despite the significant capital injection into the bond market.