Fed buys no mortgage bonds, sells none

NEW YORK (Reuters) – The Federal Reserve bought no agency mortgage-backed securities in the week

from Oct. 18 to Oct. 24, compared with $425 million 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 (OB:),

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

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

(New York Treasury Desk)

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