Freddie Mac released a new quarterly survey last week called Refinance Product Transition Report. The new survey tracks what types of loans borrowers are refinancing out of and moving back into.
The GSE said it plans to release this report on a quarterly basis along with its Cash-Out Refinance Report. Data for this report comes from a sample of properties on which Freddie Mac has funded at least two successive loans. Transactions are further screened to verify that the latest loan is for refinance rather than for home purchase, the agency said.