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Refis Made up More Than Half of Freddie Mac December Business

Tuesday, January 28, 2020

Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 15.2 percent in December, a substantial change from the 0.4 percent gain in November.  The portfolio balance at the end of the period was $2.33 trillion compared to $2.302 trillion at the end of November and $2.182 trillion a year earlier. The growth rate for all of 2019 was 6.8 percent. Purchases and Issuances totaled $65.80 billion and Sales were ($780) billion. The November numbers were $55.45 billion and ($5.63) billion respectively. 

 

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