Dollar value mortgage Refinance Application-Level Index (RALI) in the U.S. 2015-2024

Published by Statista Research Department, Oct 1, 2024

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 262.7 index points, down from 1,451 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 150 suggests an increase in the value of refinance applications of 50 percent since the baseline period. 

Weekly dollar value Refinance Application-Level Index (RALI) for mortgages in the United States from January 2, 2015 to September 13, 2024

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Release date

September 2024

Region

United States

Survey time period

January 2, 2015 to September 13, 2024

Method of interview

Online survey

Supplementary notes

Based on Fannie Mae’s Desktop Underwriter® (DU) refinance applications. More information on the methodology can be found here.

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