- Freddie Mac's (OTCQB:FMCC) total mortgage portfolio increased at an annualized rate of 0.1% in January to over $3.42T, the slowest rate since 2014, according to the mortgage finance agency's monthly volume summary released on Monday.
- That compares with 5.3% growth rate in December 2022 and 11.2% growth rate in January 2022.
- Single-family refinance-loan purchase and guarantee volume was $3.2B for the month, representing 14% of total single-family mortgage portfolio purchases and issuances.
- Single-family delinquency rate was unchanged at 0.66% in January. Multifamily delinquency also remained flat at 0.12%.
- Freddie Mac mortgage-related securities and other mortgage-related guarantees increased at an annualized rate of 0.8% in January.
- Earlier, Freddie Mac (OTCQB:FMCC) reported Q4 results.
Freddie Mac mortgage portfolio grows at 0.1% rate in January
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