Freddie Mac Mortgage Portfolio Jumps by 8.0 Percent in March

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Posted To: MND NewsWire

Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 8.0 percent in March, growing from 3.0 percent the previous month. The portfolio balance at the end of the period was $2.204 trillion compared to $2.190 trillion at the end of February and $2.102 trillion a year earlier. Purchases and Issuances totaled $37.311 billion and Sales were ($3.048) billion. The February numbers were $24,566 billion and ($424.0) million respectively. The 8.0 percent annualized growth rate for March was considerably higher than the March 2018 rate of 3.5 percent. Single-family refinance loan purchase and guarantee volume was $11.3 billion in March, representing 37 percent of total single-family mortgage portfolio purchases and issuances. Purchases in Freddie Mac’s Mortgage…(read more)

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