The number of government-sponsored enterprise mortgages refinanced climbed to the highest level in nine months. Government-backed refinances, though, continued to fade.

Data reported Tuesday by the Federal Housing Finance Agency indicate that 147,699 Fannie Mae and Freddie Mac loans were refinanced during November 2017.

That worked out to the highest volume of monthly refinances since February 2017, when 157,921 GSE single-family loans were refinanced by primary originators.

Source: Mortgage Daily