Freddie Mac Portfolio Growth Slowed in January

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Posted To: MND NewsWire

Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 1.2 percent in January, down from 6.6 percent the previous month. The portfolio balance at the end of the period was $2.184 trillion compared to $2.182 trillion at the end of December and $2.095 trillion a year earlier. Purchases and Issuances totaled $23.713 billion and Sales were ($909.0) billion. The December numbers were $35.155 billion and ($2.351) billion respectively. The 1.2 percent annualized growth rate for January was considerably higher than the January 2018 rate of 0.3 percent. Purchases in Freddie Mac’s Mortgage Related Investments Portfolio totaled $17.282 billion for the month compared to $29.506 billion in December. Liquidations were ($2.009) billion and ($2.309) billion for…(read more)

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