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Refinances Dominated Freddie Mac Volume in February

Friday, March 27, 2020

Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 5.5 percent in February, up from a 4.3 percent gain in January.  The portfolio balance at the end of the period was $2.350 trillion compared to $2.339 trillion at the end of January and $2.190 trillion a year earlier. The growth rate for the year to date is 4.9 percent. Purchases and Issuances totaled $46.054 billion and Sales were ($1.041) billion. The January numbers were $47.606 billion and ($.253) billion respectively. 

 

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