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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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