July 13, 2017 / 6:09 PM / a month ago

U.S. Fed buys $5.7 billion of mortgage bonds, sells none

FILE PHOTO: Flags fly over the Federal Reserve Headquarters on a windy day in Washington, U.S., May 26, 2017.Kevin Lamarque/File Photo

NEW YORK (Reuters) - The Federal Reserve bought $5.656 billion of agency mortgage-backed securities in the week

from Jul. 6 to Jul. 12, compared with $3.683 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.

New York Treasury Desk +1-646-223-6300

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below