Refinances Dominated Freddie Mac January Volume

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Posted To: MND NewsWire

Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 4.3 percent in January , a substantial change from the 15.2 percent gain in December. The portfolio balance at the end of the period was $2.339 trillion compared to $2.331 trillion at the end of December and $2.184 trillion a year earlier. The growth rate for the year to date is 4.3 percent compared to 1.2 percent for the same period in 2019. Purchases and Issuances totaled $47,606 billion and Sales were ($.253) billion. The December numbers were $65.799 billion and ($.780) billion respectively. Single-family refinance loan purchase and guarantee volume was $25.800 billion in January compared to $30.500 billion in December and representing a 57 percent share of total single-family mortgage portfolio…(read more)

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