Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 6.8 percent in November, up from 4.7 percent the previous month.  The portfolio balance at the end of the period was $2.172 trillion compared to $2.159 trillion at the end of October and $2.098 trillion a year earlier.  

Purchases and Issuances totaled $40.878 billion, bringing the 2018 year-to-date total to $160.446. Sales were ($4.776) billion and Liquidations ($23.806) billion in November and totaled ($22.378) and ($263.736) billion respectively so far this year.  The annualized growth rate for 2018 through the end of November was 3.95 percent and the annualized liquidations rate was (13.7) percent. 

Single-family refinance-loan purchase and guarantee volume was $8.9 billion in November compared to $7.2 billion the prior month. The refinance share of total single-family mortgage portfolio purchases or issuances was 31 percent, up from 27 percent in both September and October.    

The Mortgage Related Investments Portfolio had an ending balance of $221.961 billion, a decrease of approximately $6.4 billion in the aggregate unpaid principal balance compared to October. The annualized growth rate for the year to date as of November was (13.6) percent.  Freddie Mac had purchases of $28.456 billion for the month and $267.143 billion thus far in 2018.  Liquidations were ($2.971) billion and Sales were ($31.860) billion and, for the year thus far, ($32.872) billion and ($265.765) billion respectively. 

The ending balance of the Mortgage Related Investments Portfolio was composed of $120.496 billion in Mortgage Related Securities, Mortgage Loans valued at $92.737 billion, Non-Agency, non-Freddie Mac Mortgage-Related Securities at $4.629 billion; and Agency non-Freddie Mac Mortgage related securities of $4.629 billion. Mortgage related securities and other guarantee commitments increased at an annualized rate of 10.2 percent compared to 4.7 percent in October.

Freddie Mac's single-family delinquency rate decreased from 0.71 percent in October to 0.70 percent and from .95 percent the previous November. The rate for credit-enhanced Primary Mortgage Insurance loans and the non-credit enhanced rate both declined by 1 basis point month-over-month to 0.85 percent and 0.86 percent respectively. The multi-family delinquency rate was 0.01 percent, unchanged from the preceding seven months.  The rate in November 2017 was 0.02 percent.