Mortgage Daily

Published On: October 17, 2017

The volume of government-sponsored enterprise loans that were refinanced ascended to the highest level in five months — though government supported refinances remain weak.

Refinances of loans backed or owned by
the Federal National Mortgage Association and the Federal Home Loan Mortgage Corp. totaled 124,997 units during August.

The last time that GSE refinances were this strong was in March, when primary mortgage originators refinanced 143,455 single-family loans.

The data was reported
Tuesday by the Federal Housing Finance Agency.

The most-recent total included 78,228 Fannie Mae loans and 46,769 Freddie Mac mortgages.

Although GSE refinances increased from 109,199 in July, activity has plummeted from 206,090 units refinanced in August 2016.

Loans refinanced through the Home Affordable Refinance Program made up 2,379 of the latest month’s overall activity — the second-lowest volume during any month for the program.

The lowest month was July 2017, when 2,305 HARP transactions were completed.

FREE CALCULATORS TO HELP YOU SUCCEED
Tools for Your Next Big Decision.

Amortization Calculator

Affordability Calculator

Mortgage Calculator

Refinance Calculator

FHA Mortgage Calculator

VA Mortgage Calculator

Real Estate Calculator

Tags

Pre-Approval Resources!

Making well educated decions in a matter of minutes and stay up to date on the latest news Mortgage Daily has to offer. Read our latest articles to stay up to date on what’s going on…

Resource Center

Since 1998, Mortgage Daily has helped millions of people such as yourself navigate the complicated hurdles of the mortgage industry. See our popular topics below, search our website. With over 300,000 articles, we are guaranteed to have something for you.

Your mortgages approval starts here.

Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here.

Stay Up To Days with Today’s Latest Rates

Mortgage

Today’s rates starting at

4.63%

5/1 ARM
$200,000 LOAN

Home Refinance

Today’s rates starting at

4.75%

30 YEAR FIXED
$200,000 LOAN

Home Equity

Today’s rates starting at

3.99%

3 YEAR
$200,000 LOAN

HELOC

Today’s rates starting at

2.24%

30 YEAR FIXED
$200,000 LOAN