Mortgage Industry News
« Return to Mortgage Industry News
Refinance Loans Continue to Dominate Freddie Mac's Volume
Friday, April 30, 2021
Freddie Mac reported this week that its total mortgage portfolio increased
at an annualized rate of 27.2 percent in March compared to a 17.7 percent gain
in February. The portfolio balance at the end of the period was $2.927 trillion
compared to $2.882 trillion the prior month and $2.404 trillion a year earlier. Purchases and Issuances totaled $142.465 billion, and Sales were ($.785)
billion. The February numbers were $114.682
billion and ($.460) billion, respectively. Single-family refinance loan purchase and guarantee volume was $103.3
billion in March compared to $85.0 billion in February, representing a 76
percent share of total single-family mortgage portfolio purchases and issuances,
down from 77 percent the previous month.
Read Full Article