Posted To: MND NewsWire

Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 9.2 percent in March, up from a 5.5 percent gain in February. The portfolio balance at the end of the period was $2.368 trillion compared to $2.350 trillion at the end of February and $2.204 trillion a year earlier. The growth rate for the year to date is 6.4 percent. Purchases and Issuances totaled $58.830 billion and Sales were ($3.165) billion. The February numbers were $46.054 billion and ($1.041) billion, respectively. Single-family refinance loan purchase and guarantee volume was $33.300 billion in March compared to $23.800 billion in February and representing a 63 percent share of total single-family mortgage portfolio purchases and issuances compared to 59 percent the previous month….(read more)

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Source: Mortgage News Daily