seven million, priily mortgage obligations and you may positive spreads. Full year borrowing-related expenses , which was due mainly to the discharge out-of pandemic-related specifications this present year and you may take advantage of a 16.8% upsurge in home prices inside 2021.
Freddie Mac’s home loan profile became by the 18% year-over-year to help you $step 3.dos trillion during the stop 2021. Which boost is actually priily financial portfolio and you can good 7% increase in the multifamily home loan profile.
Turning to the latest last quarter out of 2021, we said net gain out-of $2.seven billion, down six% about fourth one-fourth this past year and complete income of $dos.eight billion, right up 8% regarding the exact same period just last year. Brand new lowering of net gain is actually primarily motivated by the a card costs so it one-fourth compared with the brand new set aside release on the 4th quarter from 2020.
Getting into greater detail. Next one-fourth web income totaled $5.6 billion, an increase regarding eleven% compared to $5 billion on earlier season one-fourth right down to higher web notice money, partly counterbalance because of the down non-desire money. Online desire earnings improved by 30% year-over-12 months to help you $cuatro.8 billion, mainly passionate by highest net desire income regarding the unmarried-family members portion, and this watched the financial profile expand by $466 billion.
Non-interest income is off regarding the prior season quarter because of straight down investment increases, mainly regarding multifamily sector. Investment progress fell 39% because of straight down amount of multifamily mortgage loan get and you may securitization activity, on account of the $70 billion FHFA financing get limit much less advantageous sector develops.