Dwindling Federal Purchases of Mortgage Backed Securities (MBS)

The Fed is slowing down its purchase of MBS's as the program is set to wrap up by March 31st.
As the March 31 deadline draws near, they are rationing the remaining amount of $$$.
Recent week's purchases have been at $11 Billion of MBS's, leaving $66 Billion remaining to spend of the $1.25 Trillion initially allotted.
The 95% that has been spent has purchased about 3 out of every 4 home loans during the past year.
This exit of a large buyer of MBS's will likely cause at least a slight (0.5%+ ?) in mortgage rates.

http://bit.ly/FedPurchasesMBS