Freddie’s Refi Volume Jumped 57% in August


Posted To: MND NewsWire

Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 12.9 percent in August , increasing from 6.3 percent the previous month. The portfolio balance at the end of the period was $2.275 trillion compared to $2.251 trillion at the end of July and $2.145 trillion a year earlier. Purchases and Issuances totaled $65.36 billion and Sales were ($3.641) billion. The July numbers were $46.087 billion and ($3.839) billion respectively. Single-family refinance loan purchase and guarantee volume was $21.7 billion in August, up from $13.8 billion in July and representing a 42 percent share of total single-family mortgage portfolio purchases and issuances compared to 38 percent the previous month. Purchases in Freddie Mac’s Mortgage Related Investments Portfolio…(read more)

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