Posted To: MND NewsWire

Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 14.3 percent in April, up from a 9.2 percent gain in March and the largest rate since December. The portfolio balance at the end of the period was $2.396 trillion compared to $2.368 trillion at the end of March and $2.216 trillion a year earlier. The growth rate for the year to date is 8.4 percent. Purchases and Issuances totaled $88,879 billion and Sales were ($0.770) billion. The March numbers were $58,830 billion and ($3,165) billion, respectively. Single-family refinance loan purchase and guarantee volume was $52.100 billion in April compared to $33.300 billion in March and representing a 69 percent share of total single-family mortgage portfolio purchases and issuances compared to 63 percent…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: Mortgage News Daily