The Fed Changed the Rules Again! Here’s What It Means for Housing
Ken McElroy Show
Ken McElroy
4.7 • 712 Ratings
🗓️ 26 December 2025
⏱️ 38 minutes
🧾️ Download transcript
Summary
The Fed insists quantitative easing is over — but markets are reacting like it never left. In this episode, Ken & Danille McElroy break down what the Fed is actually doing, how it impacts mortgage rates, housing demand, and why 2026 could become one of the most misunderstood opportunity windows in real estate.
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ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
Ken's company: https://mccompanies.com
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Transcript
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| 0:00.0 | Welcome to the Ken McElroy show. Today we're going to be discussing how QE has started again, |
| 0:06.7 | even if the Fed is not admitting it. We're going to dive into what the new potential Fed chair is saying |
| 0:12.5 | about the economy and rates. And we're going to go over some surprising insight from an open house |
| 0:17.9 | I had this past weekend. The markets are acting like it's QE again, |
| 0:23.3 | even if the Fed won't say it. That's because we are. That's why. I mean, QE, everybody, quantitative |
| 0:29.9 | easing. It's been going on for years and they just repackage it in some new marketing plan, right? |
| 0:35.8 | So this, as of now, what's really happening is the Fed is actually expanding the balance sheet |
| 0:41.9 | by purchasing treasury bills. |
| 0:43.8 | So how is that not QE? |
| 0:46.3 | Exactly. |
| 0:46.9 | But they're saying that it's not. |
| 0:48.9 | I know, but they're purchasing treasury bills. |
| 0:52.2 | You know what's funny? |
| 0:53.0 | You know what they really call it? |
| 0:54.1 | QE-like behavior. No, QE-Lite. Nick. They're purchasing treasury bills. You know what's funny? You know what they really call it? |
| 1:11.6 | QE like behavior. No, QE light. QE light. QEE like behavior. No, QEE like behavior. Oh my gosh. It's like what was a, what did Powell say before? Transitory for inflation. Like, come on, guys. Like, you know what we should do? We should actually go back and, Jerry, let's do this. |
| 1:16.6 | Let's go back and look at all the marketing ploys around the exact same thing. |
| 1:21.2 | And let's do a whole show on that because this is all just repackaging, rebranding. |
| 1:25.5 | Well, so essentially the Fed ended QT a couple months ago, |
| 1:29.4 | and they immediately started this quantitative easing behavior, |
| 1:35.2 | as they like to call it. So in the next month, the Fed will be buying $40 billion in treasuries and ongoingly the Fed will be a buyer of treasury bills. Yeah. And let's talk about why this |
| 1:40.0 | matters because I think that's the big issue. The future Fed asset purchases could meaningfully |
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