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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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