The monthly number of government-sponsored enterprise mortgages refinanced turned sharply higher even as government-supported refinances fell to a new low.

In October, primary mortgage originators refinanced 142,687 single-family loans that are backed or owned by Fannie Mae and Freddie Mac.

That was a significant increase from the 128,738 GSE loans refinanced during the previous month and the most refinances since March 2017, when there were 143,455.

Source: Mortgage Daily