Fed’s Gross Weekly MBS Purchases Spike

" The Federal Reserve Bank of New York said late Thursday it had purchased another $74.7 billion in agency mortgage-backed securities this week from government-sponsored entities Freddie Mac (FRE: 0.77 +10.00%), Fannie Mae (FNM: 0.74 +8.82%) and Ginnie Mae. For the week ending April 8, the Fed purchased, net of $44.28 billion in coupon sales, $30.4 billion in agency MBS, slowed from last week’s almost $33 billion in net purchases."