The U.S. Fed recently bought $22.7 billion worth of mortgage bonds
The Federal Reserve purchased $22.705 billion of agency mortgage-backed protections in the week
from Jun. 25 to Jul. 1, contrasted and $22.859 billion bought the earlier week, the New York Federal Reserve Bank actually confirmed and said on Thursday.
In a transition to actually help the housing industry in October 2011, the U.S. national bank has been utilizing assets from principal installments
on the agency obligation and agency mortgage-backed protections, or MBS, it holds to reinvest in agency MBS.
The New York Fed said on its site the Fed sold no mortgage protections ensured by Fannie Mae
Freddie Mac (OB:FMCC) or the Government National Mortgage Association, or Ginnie Mae,
in the most recent week. It sold none the earlier week.....
i think this is a good development and would help the US economy to perform better....
Posted Using LeoFinance