·Alt-Finance·May 7, 2015·1 min read·1 viewU.S. Fed buys $8.7 billion of mortgage bonds, sells none ShareTweetShareSubmit NEW YORK, May 7 (Reuters) – The Federal Reserve bought $8.709 billion of agency mortgage-backed securities in the week from Apr. 30 to May. 6, compared with $6.856 billion purchased the previous week, the New York Federal Reserve Bank said on Thursday. In a move to help the housing market begun in October 2011, the U.S. central bank has been using funds from principal payments on the agency debt and agency mortgage-backed securities, or MBS, it holds to reinvest in agency MBS. The New York Fed said on its website the Fed sold no mortgage securities guaranteed by Fannie Mae <FNMA.OB>,See alsoMay 31, 2015China import tax cuts no remedy for retail slowdown Freddie Mac <FMCC.OB> or the Government National Mortgage Association, or Ginnie Mae, in the latest week. It sold none the prior week. Like this article? Take a second to support us on Patreon!