The value of refinance applications for mortgages in the United States soared during the COVID-19 pandemic, followed by a drop in 2021. In the week ending September 13, 2024, Fannie Mae's dollar value Refinance Application-Level Index (RALI) amounted to ***** index points, down from ***** index points when the market peaked in March 2020. The index measures the development of the value of mortgage refinance applications, with the first week of 2004 chosen as a baseline year. An index value of *** suggests an increase in the value of refinance applications of ** percent since the baseline period.
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Fannie Mae. (September 20, 2024). Weekly dollar value Refinance Application-Level Index (RALI) for mortgages in the United States from January 2, 2015 to September 13, 2024 [Graph]. In Statista. Retrieved July 19, 2025, from https://www.statista.com/statistics/946511/refinance-home-mortgage-usa-frequency/
Fannie Mae. "Weekly dollar value Refinance Application-Level Index (RALI) for mortgages in the United States from January 2, 2015 to September 13, 2024." Chart. September 20, 2024. Statista. Accessed July 19, 2025. https://www.statista.com/statistics/946511/refinance-home-mortgage-usa-frequency/
Fannie Mae. (2024). Weekly dollar value Refinance Application-Level Index (RALI) for mortgages in the United States from January 2, 2015 to September 13, 2024. Statista. Statista Inc.. Accessed: July 19, 2025. https://www.statista.com/statistics/946511/refinance-home-mortgage-usa-frequency/
Fannie Mae. "Weekly Dollar Value Refinance Application-level Index (Rali) for Mortgages in The United States from January 2, 2015 to September 13, 2024." Statista, Statista Inc., 20 Sep 2024, https://www.statista.com/statistics/946511/refinance-home-mortgage-usa-frequency/
Fannie Mae, Weekly dollar value Refinance Application-Level Index (RALI) for mortgages in the United States from January 2, 2015 to September 13, 2024 Statista, https://www.statista.com/statistics/946511/refinance-home-mortgage-usa-frequency/ (last visited July 19, 2025)
Weekly dollar value Refinance Application-Level Index (RALI) for mortgages in the United States from January 2, 2015 to September 13, 2024 [Graph], Fannie Mae, September 20, 2024. [Online]. Available: https://www.statista.com/statistics/946511/refinance-home-mortgage-usa-frequency/