• Fed Continues Slower Agency MBS Purchases
• Fed Buys Another $16Bn of Agency MBS
• NY Fed Slows Weekly MBS Purchases
• Fed MBS Purchases Rise as Balance Sheet Shrinks
• Fed’s Weekly MBS Purchases Stay $31bn Strong

The Federal Reserve Bank of New York bought $16bn of mortgage-backed securities (MBS) from housing finance agencies Freddie Mac (FRE: 1.175 +1.29%), Fannie Mae (FNM: 0.9879 -0.21%) and Ginnie Mae in the week ending November 4.

The Fed bought $3.27bn from Freddie, $12.55bn from Fannie and $175m from Ginnie. For the first week in months, were no MBS sales listed in the week ending November 4.

The weekly data brings the Fed’s total purchases to $993.13bn, according to weekly analysis by Barclays Capital. Of the net purchases, Fannie issued 59% of MBS while Freddie issued 33% and Ginnie issued the remaining 8% of MBS the Fed has bought so far.

It marks a noticeable slowing of the weekly purchases ahead of the program’s anticipated conclusion at the end of Q110.

Write to Diana Golobay.