Refinances of government-sponsored enterprise home loans fell to the lowest level in seven months, while government-supported refinances sank to an all-time low.

During February of this year there were 116,640 Fannie Mae and Freddie Mac mortgages that were refinanced by primary loan originators.

In addition to falling from 123,170 the previous month, GSE refinance volume was the lowest it’s been since July 2017, when the total was 109,199.

Source: Mortgage Daily