Freddie Total Mtge Portfolio Rose Annualized 21%
NEW YORK (Dow Jones)–Freddie Mac’s (FRE) total mortgage portfolio ballooned at an annualized rate of 21% in March, with a surge of refinancing activity fueling purchases of home loans.
The company said its refinance-loan purchase volume stood at $52 billion, making it the largest refinance month since 2003.
