Fed bought $12 bln net in agency MBS in latest week
NEW YORK Jan 7 (Reuters) - The Federal Reserve bought $12.0 billion net of agency mortgage-backed securities in the latest week, the New York Fed said on its website on Thursday.
The amount was up from the previous week's net purchases of $9.3 billion.
The purchases brought the U.S. central bank's purchase of mortgage bonds guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae to roughly $1.123 trillion since January of 2009.
The Fed said it bought $14.5 billion gross of agency MBS from Dec. 31 through Jan. 6. At the same time, it sold $2.5 billion of mortgage securities.
The Fed aims to buy $1.25 trillion of agency MBS in a bid to bring down mortgage rates and to stimulate the battered housing sector and the overall economy.
(For more details on the purchases, please click on: here)
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