Freddie Mac said it purchased some $200 billion of mortgages in the 11 months through November, surpassing the $191 billion tally for all of last year.
The agency - formally the Federal Home Loan Mortgage Corp. - reached the $200 billion mark after buying a record $27 billion of mortgages in November. That was up 44% from October and 26% from the previous monthly record, which was set in June.
"We are now buying mortgages at a rate of $1.5 billion a day, or a loan every two seconds," said David Glenn, president.
The agency attributed the increased volume to record levels of refinancings and improved market share.