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Freddie Mac Business Activity Slowed in April
Wednesday, May 26, 2021
Freddie Mac reported this week that its total mortgage portfolio increased
at an annualized rate of 13.2 percent in April compared to a 27.2 percent gain
in March. The portfolio balance at the end of the period was $2.785 trillion
compared to $2.927 trillion the prior month and $2.434 trillion a year earlier. Purchases and Issuances totaled $121.668 billion, and Sales were ($1.761)
billion. The March numbers were $142.465
billion and ($.785) billion, respectively. Single-family refinance loan purchase and guarantee volume was $82.9 billion
in April compared to $103.3 billion in March, representing a 72 percent share
of total single-family mortgage portfolio purchases and issuances, down from 76
percent the previous month.
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