Freddie Mac noted that, as of the fourth quarter of 2020, the U.S. had a housing supply deficit of 3.8 million units and that between 2018 and 2020, that deficit increased by an astounding 52%.
Looking at Freddie mortgages active as of January, researchers found that nearly 50% of Black homeowners would have saved at least $1,200 a year if they had refinanced while almost 20% would have saved at least double that amount.