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Refis Constituted Three-Quarters of Freddie Mac's February Volume

Monday, March 29, 2021

Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 17.7 percent in February compared to a 16.1 percent gain in January. The portfolio balance at the end of the period was $2.818 trillion compared to $2.777 trillion the prior month and $2.350 trillion a year earlier. Purchases and Issuances totaled $116.362 billion, and Sales were ($1.174) billion. The January  numbers were $120.128 billion and ($.588) billion, respectively. Single-family refinance loan purchase and guarantee volume was $85.0 billion in February compared to $84.56 billion in January, representing a 77 percent share of total single-family mortgage portfolio purchases and issuances, up from 73 percent the previous month.

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