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Fed bought $16 bln net in agency MBS in latest week

Fri Nov 27, 2009 3:08pm EST

NEW YORK, Nov 27 (Reuters) - The Federal Reserve bought $16.0 billion net of agency mortgage-backed securities in the latest week, the New York Fed said on its website on Friday.

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That is equal to the previous week's net purchases of $16.0 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 $1.039 trillion since January.

The Fed said it bought $16.0 billion gross of agency MBS from Nov. 19 through Nov. 25.

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) (Reporting by Chris Reese; Editing by Jan Paschal) ((chris.reese@thomsonreuters.com; +1 646 223 6073;

Reuters Messaging: chris.reese.reuters.com@reuters.net ))

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