FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis
July 9, 2020
NEW YORK, July 9 (Reuters) – The Federal Reserve bought $21.685 billion of agency mortgage-backed securities in the week
from Jul. 2 to Jul. 8, compared with $22.705 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 $3.6 billion in mortgage securities guaranteed by Fannie Mae <FNMA.OB>,
Freddie Mac <FMCC.OB> or the Government National Mortgage Association, or Ginnie Mae,
in the latest week. It sold none the prior week.
(New York Treasury Desk +1-646-223-6300)
