Refinance Share of Loan Activity Grew in July

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Posted To: MND NewsWire

Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 6.3 percent in July, increasing from 5.3 percent the previous month. The portfolio balance at the end of the period was $2.251 trillion compared to $2.239 trillion at the end of June and $2.134 trillion a year earlier. Purchases and Issuances totaled $46.087 billion and Sales were ($3.839) billion. The June numbers were $44.458 billion and ($2.770) billion respectively. Single-family refinance loan purchase and guarantee volume was $13.8 billion in July, up from $12.7 billion in June and representing a 38 percent share of total single-family mortgage portfolio purchases and issuances compared to 36 percent the previous month. Purchases in Freddie Mac’s Mortgage Related Investments Portfolio totaled…(read more)

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