Friday, July 10, 2020 / by Erik Bjorklund
Freddie Mac reported this week that its total mortgage portfolio increased
at an annualized rate of 5.5 percent in May compared to a 14.3 percent gain in April.
The portfolio balance at the end of the period was $2.407 trillion compared to
$2.396 trillion at the end of April and $2.230 trillion a year earlier. The
growth rate for the year to date is 7.8 percent. Purchases and Issuances totaled $78,329 billion and Sales were ($2.799) billion.
The April numbers were $80,879 billion and ($0.770) billion, respectively. Single-family refinance loan purchase and guarantee volume was $54.500
billion in May compared to $52.100 billion in April and representing a 76
percent share of total single-family mortgage portfolio purchases and issuances
compared to 69 percent the previous month.
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