US MORTGAGE MEMO: NY Fed Buys $7.55B MBS In Week Ended 12.14

By Isobel Kennedy:
NEW YORK (MNI) - The New York Federal Reserve said its gross purchases of agency mortgage backed securities in the week ended December 14 totalled $7.95 billion and, after adjusting for its dollar roll activity, its net purchases totalled $7.55 billion.
The largest purchases in the latest week were in Fannie Mae and Freddie Mac 30-year "to-be-announced" TBA securities with 4.00% coupons for January delivery. Those buys totalled $3.15 billion.
The next largest purchase was $2.60 billion Fannie Mae and Freddie Mac 30-year TBAs with 3.500% coupon for January delivery.