U.S. Fed buys $427 million of mortgage bonds, sells none

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NEW YORK, (Reuters) – The Federal Reserve bought $427 million of agency mortgage-backed in the week

from Feb. 6 to Feb. 12, compared with $2.385 billion purchased the previous week, the New York Federal Reserve Bank said on Thursday.

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

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

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

Freddie Mac (OB:) or the Government National Mortgage Association, or Ginnie Mae,

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

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Source: Investing.com

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