Posted To: MND NewsWire

Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 25.7 percent in October compared to a 17.5 percent gain in September. The portfolio balance at the end of the period was $2.625 trillion compared to $2.579 trillion the prior month and $2.301 trillion a year earlier. The growth rate for the year to date is 15.2 percent. Purchases and Issuances totaled $137.285 billion and Sales were ($1.706) billion. The September numbers were $114.386 billion and ($3.064) billion, respectively. Single-family refinance loan purchase and guarantee volume was $89.7 billion in October compared to $70.9 billion in September, representing a 71 percent share of total single-family mortgage portfolio purchases and issuances compared to 69 percent the previous month…(read more)

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Source: Mortgage News Daily