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NEW YORK, March 29 (Reuters) – The U.S. Federal Reserve
bought $7 billion in agency mortgage-backed securities from
March 22-28, down from $7.7 billion in the previous week, the
New York Federal Reserve said on Thursday.
The central bank sold no mortgage securities guaranteed by
Fannie Mae, Freddie Mac or the Government
National Mortgage Association (Ginnie Mae) in the latest week,
down from $700 million the previous week, the New York Fed said
on its website.
From the start of October, the Fed began to use the funds
from principal payments on the agency debt and agency MBS it
holds to reinvest in agency MBS in an effort to hold down
mortgage interest rates and support the U.S. housing market.
(Reporting by Richard Leong)
