Fed Buys Another $16Bn of Agency MBS

The Federal Reserve Bank of New York bought $16bn of mortgage-backed securities (MBS) from housing finance agencies Freddie Mac (FRE: 1.20 -4.00%), Fannie Mae (FNM: 1.0399 -7.15%) and Ginnie Mae in the week ending November 4. The Fed bought $3.27bn from Freddie, $12.55bn from Fannie and $175m from Ginnie. For the first week in months, were [...]...