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Refinancing Share of Freddie's Volume Soared in October
Wednesday, November 27, 2019
Freddie Mac reported this week that its total mortgage portfolio increased
at an annualized rate of 3.0 percent in October, down from 10.7 percent the
previous month. The portfolio balance at the end of the period was $2.301
trillion compared to $2.295 trillion at the end of September and $2.157
trillion a year earlier.
Purchases and Issuances totaled $51.128 billion and Sales were ($1.578)
billion. The September numbers were $61.80 billion and ($2,205) billion
Single-family refinance loan purchase and guarantee volume was $26.9 billion
in October, up from $22.2 billion in September and representing a 57 percent share
of total single-family mortgage portfolio purchases and issuances compared to 48
percent the previous month.
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