Freddie Mac Portfolio Grows 6.8 Percent, Refi’s on the Rise

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Posted To: MND NewsWire

Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 6.8 percent in November, up from 4.7 percent the previous month . The portfolio balance at the end of the period was $2.172 trillion compared to $2.159 trillion at the end of October and $2.098 trillion a year earlier. Purchases and Issuances totaled $40.878 billion, bringing the 2018 year-to-date total to $160.446. Sales were ($4.776) billion and Liquidations ($23.806) billion in November and totaled ($22.378) and ($263.736) billion respectively so far this year. The annualized growth rate for 2018 through the end of November was 3.95 percent and the annualized liquidations rate was (13.7) percent. Single-family refinance-loan purchase and guarantee volume was $8.9 billion in November compared…(read more)

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