Volume
Refi Share of Freddie’s Volume Held Steady Last Month
Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 12.0 percent in November compared to a 15.7 percent gain in October. The portfolio balance at the end of the period was $ 3.211 trillion compared to $ 3.179 trillion the prior month and $ 2.734 trillion a year […]
Mortgage Application Volume at Three-Month Low; Rates Steady But Volatility Could Return
Mortgage applications declined by the largest margin in three months during the week ended October 1. The Mortgage Bankers Association said its Market Composite Index, a measure of mortgage application volume, decreased 6.9 percent on a seasonally adjusted basis from one week earlier. It was the biggest decline since an identical loss during the week […]
COVID Concerns Drive Rates Lower, Refi Volume Rises
Refinancing continues to support mortgage application activity while purchase applications continued to weaken during the week ended July 23. The Mortgage Bankers Association (MBA) says its Market Composite Index, a measure of mortgage loan application volume, increased 5.7 percent on a seasonally adjusted basis from the prior week and the unadjusted index was up 6 […]
Refis Constituted Three-Quarters of Freddie Mac’s February Volume
Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 17.7 percent in February compared to a 16.1 percent gain in January. The portfolio balance at the end of the period was $ 2.818 trillion compared to $ 2.777 trillion the prior month and $ 2.350 trillion a year […]