Primary originators raised the monthly refinance volume of residential loans that are backed by the Federal Home Loan Mortgage Corp.
The number of Fannie Mae and Freddie Mac home loans that were refinanced during the month of October came to 145,022.
Activity accelerated compared to the previous month, when 143,332 government-sponsored enterprise mortgages were refinanced.
Refinances of the two secondary lenders’ loans also increased compared to the same month last year, when the total was 138,908.
The data came from the regulator and conservator of Fannie and Freddie, the Federal Housing Finance Agency.
The most-recent month included 86,073 refinances of Fannie mortgages. The Washington-based firm saw fewer loans refinanced than during September 2015, when the total was 86,726.
But refinances of McLean, Virginia-based Freddie’s loans escalated to 58,949 in October 2015 from 56,606.
GSE mortgages refinanced through the Home Affordable Refinance Program accounted for 7,755 of October 2015’s overall activity.
HARP volume dropped from 9,061 a month earlier and 13,745 a year earlier.
HARP refinances amounted to 3,367,226 transactions since the program’s inception in April 2009.
