Fed Spends $6.074 Billion in Last Week of MBS Purchase Program

For the last time, the Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). In the week ending March 31, 2010, the Federal Reserve purchased a total of $6.074 billion agency MBS. The Fed has now allocated all $1.25 trillion toward purchases of agency MBS. No funds remain. The goal of the Federal Reserve’s agency MBS program was to provide support to mortgage and housing markets and to foster improved conditions in financial markets more generally. Mission accomplished… Of the $6.074 billion purchases made in the week ending March 31, 2010: $3.574 billion was used to buy 30 year 4.5 MBS coupons. Lets see were the chips will fall in the upcoming weeks…..STAY TUNED!!!!!!!!!!!!!!!!