JHVEPhoto/iStock Editorial via Getty Images
Freddie Mac’s (OTCQB:FMCC) total mortgage portfolio advanced at an annualized rate of 2.1% in May, bringing its balance to $3.512T, the government-sponsored enterprise said on Tuesday.
That compares with the 3.5% annualized growth rate in April.
Single-family refinance loan purchases and guarantee volume was $3.8B in May, representing 14% of total single-family mortgage portfolio purchases and issuances.
Its single-family delinquency rate slipped to 0.49% from 0.51% in the previous month. The multifamily delinquency rate, though, ticked up to 0.36% from 0.35% in April.
The measure of Freddie Mac’s (OTCQB:FMCC) exposure to changes in portfolio value averaged $0M in May, it said. Duration gap averaged 0 months.