Freddie’s Refi Volume Dropped In July

Freddie Mac's refinance-loan purchase volume dropped in July to $34.1 billion from $50.9 billion in June, the company reports in its monthly volume summary. Freddie's total mortgage portfolio decreased at an annualized rate of 3.3% during the month.

The company's aggregate unpaid principal balance (UPB) of mortgage-related investments also decreased, dropping to $799.1 billion at the end of July.

Meanwhile, the net amount of mortgage-related investments portfolio mortgage purchase (sale) agreements entered into in July totaled $11 billion – up from the $9.9 billion entered into during June.

SOURCE: Freddie Mac

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