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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (538614)	12/24/2009 11:45:14 PM
From: bentway	Respond to of 1576805

Fed bought $15 billion net in agency MBS in latest week NEW YORK (Reuters) - The Federal Reserve bought $15.0 billion net of agency mortgage-backed securities in the latest week, the New York Fed said on its website on Thursday. That is down from 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 $1.102 trillion since January. The Fed said it bought $17.430 billion gross of agency MBS from December 17 through December 23. At the same time, it sold $2.430 billion in 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.