Refis Constituted Three-Quarters of Freddie Mac’s February Volume

Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 17.7 percent in February compared to a 16.1 percent gain in January. The portfolio balance at the end of the period was $ 2.818 trillion compared to $ 2.777 trillion the prior month and $ 2.350 trillion a year earlier. Purchases and Issuances totaled $ 116.362 billion, and Sales were ($ 1.174) billion. The January  numbers were $ 120.128 billion and ($ .588) billion, respectively. Single-family refinance loan purchase and guarantee volume was $ 85.0 billion in February compared to $ 84.56 billion in January, representing a 77 percent share of total single-family mortgage portfolio purchases and issuances, up from 73 percent the previous month.

…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

MND NewsWire

Tags: , , , , , ,
Previous Post
Residential Real Estate

NAR Thanks Biden Administration for Commitment to Housing in Infrastructure Proposal

Next Post

Borrowers are Exiting Forbearance at an Increased Rate

Leave a Reply

Your email address will not be published. Required fields are marked *