Refis Make Another Strong Showing in September

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Posted To: MND NewsWire

Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 10.7 percent in September, down from 12.9 percent the previous month. The portfolio balance at the end of the period was $2.295 trillion compared to $2.275 trillion at the end of August and $2.149 trillion a year earlier. Purchases and Issuances totaled $61.804 billion and Sales were ($2.205) billion. The August numbers were $65.36 billion and ($3.641) billion respectively. Single-family refinance loan purchase and guarantee volume was $22.2 billion in August, up from $21,7 billion in August and representing a 48 percent share of total single-family mortgage portfolio purchases and issuances compared to 42 percent the previous month. Purchases in Freddie Mac’s Mortgage Related Investments Portfolio…(read more)

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