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Mortgage Market Shows Resilience, Refis Continue to Dominate Freddie's Volume
Tuesday, April 28, 2020
Freddie Mac reported this week that its total mortgage portfolio increased
at an annualized rate of 9.2 percent in March, up from a 5.5 percent gain in February.
The portfolio balance at the end of the period was $2.368 trillion compared to $2.350
trillion at the end of February and $2.204 trillion a year earlier. The growth
rate for the year to date is 6.4 percent. Purchases and Issuances totaled $58.830 billion and Sales were ($3.165)
billion. The February numbers were $46.054 billion and ($1.041) billion,
respectively. Single-family refinance loan purchase and guarantee volume was $33.300
billion in March compared to $23.800 billion in February and representing a 63
percent share of total single-family mortgage portfolio purchases and issuances
compared to 59 percent the previous month.
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