Treasury wants to drive mortgage rates to 4.5%

It’s been a week since Ben and Hank announced plans to pump $600 billion into mortgage-backed securities in order to “revitalize” the housing market. Mortgage rates responded by falling below 6%. But that’s not low enough for Hank, so he’s considering a new plan to bring mortgage rates even lower, to 4.5%.

Maybe the goal isn't to "revitalize the housing market". Maybe the goal is to buy mortgage securities off the Chinese at an even more rapid clip.