Posted To: MND NewsWire
Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 4.7 percent in October, up from 2.3 percent the previous month. The portfolio balance at the end of the period was $2.159 trillion compared to $2.151 trillion at the end of September and $2.067 trillion a year earlier. Purchases and Issuances totaled $33.968 billion, bringing the 2018 year-to-date total to $319.568 billion, Sales were ($686) billion and Liquidations ($24.927) billion in October and totaled ($17.602) and ($239.930) billion respectively so far this year. The annualized growth rate for 2018 through the end of October was 3.5 percent and the annualized liquidations rate was (13.7) percent. Single-family refinance-loan purchase and guarantee volume was $7.2 billion in October compared...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
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