NEW YORK, July 14 (Reuters) - The Federal Reserve bought $7.029 billion of agency mortgage-backed securities in the week from Jul. 7 to Jul. 13, compared with $7.311 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,
- Celebrity deaths 2018: All the stars we lost too soon 44 Pictures
- 10 finalists for TIME Person of the Year 2018 10 Pictures
Freddie Mac or the Government National Mortgage Association, or Ginnie Mae, in the latest week. It sold none the prior week.