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70% of Freddie's Portfolio Suggests Refis Aren't Dead
Friday, September 25, 2020
Freddie Mac reported this week that its total mortgage portfolio increased
at an annualized rate of 27.7 percent in August compared to a 20.0 percent gain
in July. The portfolio balance at the end of the period was $2.533 trillion
compared to $2.476 trillion the prior month and $2.275 trillion a year earlier.
The growth rate for the year to date is 13.0 percent. Purchases and Issuances totaled $131.140 billion and Sales were ($898)
billion. The July numbers were $116.83 billion and ($3.803) billion, respectively. Single-family refinance loan purchase and guarantee volume was $87.200
billion in August compared to $77.700 billion in July, representing a 70
percent share of total single-family mortgage portfolio purchases and issuances
compared to 72 percent the previous month.
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