Tag Archives: Ginnie Mae

Fed Spends $10.2 Billion, Mortgage Rates Fall

Written by: - January 9, 2009

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Fed Spends $10.2 Billion, Mortgage Rates Fall

The Federal Reserve has bought $10.2 billion of Fannie Mae, Freddie Mac and Ginnie Mae mortgage-backed securities. According to the New York Fedâ??s Web site they bought $6.9 billion of Freddie Mac securities, $2.9 billion of Fannie Mae bonds and $450 million of Ginnie Mae debt.

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