Freddie Mac purchased $38.1 billion of mortgages in November, a 12% gain from the month prior, and its best acquisition month since February, according to new figures released by the GSE.
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Roughly 71% of its purchases were refinancings.
In November Freddie issued $30.5 billion of mortgage-backed securities, a 6.2% improvement from October.
Meanwhile, Freddie's single-family delinquency rate rose for the fourth consecutive month, a sign that the housing crisis is far from over.
The serious delinquency rate (90 days or more past due) ticked up three basis points to 3.57% in November. In August, Freddie's serious delinquency rate was 3.49%.
