Mortgage giant Freddie Mac (FRE) reported $27.9bn in mortgage purchases and issuances in November, a 13% drop from $32.1bn in October, according to a monthly summary of the agency’s portfolio. November’s purchases and issuances total is the lowest since January’s $21.7bn and well below the peak of 2009, June’s $63.1bn. For the year, the total increased to $504.3bn with the latest addition. Freddie’s purchase and guarantee volume of refinance loans increased to $19.3bn in November, a 7% gain from the $18bn in October. The total mortgage portfolio dropped at an annualized rate of 2.2% in November. The aggregate unpaid principal balance of its mortgage-related investments portfolio also dropped to $761.8bn in November from $770.1bn in October. Freddie’s single-family delinquency rate climbed 18 basis points to 3.72% in November, compared to multi-family delinquencies, which rose 2bps to 0.14% in November. Write to Jon Prior. The author holds no relevant investments.