Posted To: MND NewsWire

Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 29.5 percent in November compared to a 25.7 percent gain in October. The portfolio balance at the end of the period was $2.689 trillion compared to $2.625 trillion the prior month and $2.302 trillion a year earlier. The growth rate for the year to date is 16.8 percent. Purchases and Issuances totaled $155.291 billion and Sales were ($4.080) billion. The October numbers were $137.285 billion and ($1.706) billion, respectively. Single-family refinance loan purchase and guarantee volume was $107.3 billion in November compared to $89.7 billion in October, representing a 74 percent share of total single-family mortgage portfolio purchases and issuances compared to 71 percent the previous month. Purchases…(read more)

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Source: Mortgage News Daily