U.S. Fed buys $5.2 billion of mortgage bonds, sells none
NEW YORK (Reuters) - The Federal Reserve bought $5.249 billion (3 billion pounds) of agency mortgage-backed securities in the week from Jul. 2 to Jul. 8, compared with $10.012 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.
