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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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