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Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 15.2 percent in December, a substantial change from the 0.4 percent gain in November. The portfolio balance at the end of the period was $2.33 trillion compared to $2.302 trillion at the end of November and $2.182 trillion a year earlier. The growth rate for all of 2019 was 6.8 percent. Purchases and Issuances totaled $65.80 billion and Sales were ($780) billion. The November numbers were $55.45 billion and ($5.63) billion respectively. Single-family refinance loan purchase and guarantee volume was $30.5 billion in December compared to $26.8 billion in November and representing a 56 percent share of total single-family mortgage portfolio purchases and issuances compared to 59 percent the previous
Housing News
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Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 15.2 percent in December, a substantial change from the 0.4 percent gain in November. The portfolio balance at the end of the period was $2.33 trillio... (read more)
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Housing News
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The recent re-acceleration of home price gains continued in November. The S&P CoreLogic Case-Shiller U.S. National Home Price Index which covers all nine U.S. census divisions, reported a 3.5 percent annual gain for the month, up from 3.2 percent... (read more)
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MBS Commentary
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Bonds finally broke out of one of their prevailing ranges yesterday as Wuhan virus fears reached a new level. Some may roll their eyes at this sort of thing serving as the source of so much market movement, but it is what it is. SARS push... (read more)
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Rob Chrisman
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Loan officers and lenders know that the population in the United States continues to shift, and this creates some continued great opportunities to increase business. Put another way, it doesn’t matter what rates are when a half a million people... (read more)
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Housing News
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A lot of expectations and optimism were probably dashed by the December report on new home sales from the Census Bureau and Department of Housing and Urban Development. Analysts were expecting sales to build on the November seasonally adjusted annual... (read more)
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Mortgage Rate Watch
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Mortgage rates were steady to slightly higher today, leaving the average lender just a hair above the lowest rates in months, and still very close to the lowest rates in more than 3 years. The coronavirus outbreak is still a relevant consideration fo... (read more)
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