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