Freddie Mac

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Freddie’s Refinance Purchases Fall 33% in July 

Aug 25, 2009By

[Update 1: Corrects volume of refinance purchases in June versus July] Refinance activity dropped in July among loans purchased by mortgage giant Freddie Mac [stock FRE][/stock] as delinquencies rose among its single-family mortgages. Freddie posted $44bn in purchases and issuances in July, from $63.1bn in June but up from $34.6bn in the year-ago period. Refinanced mortgages accounted for $34.1bn of purchases in July, down 33% from $50.9bn a month earlier.

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