Fed buys $10.3 billion of mortgage bonds, sells none

October 20, 2016 2:08 PM EDT

A police officer keeps watch in front of the U.S. Federal Reserve in Washington October 12, 2016. REUTERS/Kevin Lamarque


Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.

NEW YORK (Reuters) - The Federal Reserve bought $10.31 billion of agency mortgage-backed securities in the week

from Oct. 13 to Oct. 19, compared with $7.957 billion purchased the previous week, the New York Federal Reserve Bank said on Thursday.

In a move to help the housing market begun in October 2011, the U.S. central bank has been using funds from principal payments

on the agency debt and agency mortgage-backed securities, or MBS, it holds to reinvest in agency MBS.

The New York Fed said on its website the Fed sold no mortgage securities guaranteed by Fannie Mae ,

Freddie Mac or the Government National Mortgage Association, or Ginnie Mae,

in the latest week. It sold none the prior week.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Reuters

Add Your Comment