10 Days Left in Fed’s MBS Purchase Program. What is Potential for Extension?
Posted To:MND NewsWire
The Federal Reserve reported on their weekly purchases of agency mortgage-backed securities (MBS). In the week ending March 17, 2010, the Federal Reserve purchased a gross total of $10.6 billion agency MBS. In that week the Fed sold $601 million mortgage-backeds (supported the roll), for a net total of $10.0 billion agency MBS purchases. This amount is unchanged from the previous three reporting periods. The goal of the Federal Reserve's agency MBS program is to provide support to mortgage and housing markets and to foster improved conditions in financial markets more generally. Only fixed-rate agency MBS securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae are eligible assets for the program. The program includes, but is not limited to, 30-year, 20-year and 15-year securities…(read more)
This mortgage update is brought to you by: Adam Quinones – You can read the full article at 10 Days Left in Fed’s MBS Purchase Program. What is Potential for Extension?
Comments
Leave a Reply