Thanks to a largely fixed-rate lending environment, the GSEs watched their purchase share of new mortgage originations climb to a record-high 65.2 percent in the first six months of 2003. According to numbers compiled by Inside The GSEs, Fannie Mae, Freddie Mac and the Federal Home Loan Banks collectively purchased a whopping $1.17 trillion in residential mortgages during the first half. This not only set a new record but also amounted to nearly two-thirds