The final month of last year saw refinances of government-sponsored enterprise loans climb to a 10-month high. But annual refinance production tumbled.
Based on an analysis of data reported by the Federal Housing Finance Agency, 155,911 Fannie Mae and Freddie Mac mortgages were refinanced during December 2017.
In addition to increasing from 147,699 transactions the previous month, GSE refinance volume was the strongest it’s been since February 2017, when the total was 157,920.
Source: Mortgage Daily