Fannie Mae Weekly Mortgage Applications Data
Fannie Mae's Purchase Application-Level Index (PALI) and Refinance Application-Level Index (RALI) are sets of weekly indices sourcing data from our automated underwriting system, Desktop Underwriter® (DU®), to provide timely and ongoing tracking of mortgage application activity and historical trends. Fannie Mae typically publishes both the PALI and RALI on the second business day of each week at 10 AM ET.
For the holiday-shortened week ending July 3, 2026, the dollar volume of purchase applications decreased by 17.3 percent week over week, while the dollar volume of all refinance applications decreased by 15.4 percent week over week. PALI dollar volume is up 20.6 percent year over year. PALI count decreased 16.9 percent week over week and is up 17 percent year over year.
Total RALI dollar volume is up 18.4 percent year over year. Total RALI count decreased 15.3 percent week over week and is up 22.9 percent year over year.
Rate-term refinance dollar volume accounted for 43.2 percent of total refinance dollar volume in the week. Week over week, Rate-Term RALI decreased by 17.7 percent and Cash-Out RALI decreased by 13.6 percent.
PALI ($) and Total RALI ($) Percent Change
PALI Week over Week
-17.3%
PALI Year over Year
+20.6%
Total RALI Week over Week
-15.4%
Total RALI Year over Year
+18.4%
Rate-Term RALI ($) and Cash-Out RALI ($)
Rate-Term Week over Week
-17.7%
Rate-Term Year over Year
+28.7%
Cash-Out Week over Week
-13.6%
Cash-Out Year over Year
+11.5%
Learn more: Access the latest PALI and RALI data, methodology, and FAQs, or sign up for notifications.
NOTE: PALI and RALI for the week ending July 10, is scheduled for release on Tuesday, July 14 at 10 a.m. ET. Please consult our release calendar for additional information.
Opinions, analyses, estimates, forecasts, beliefs, and other views of Fannie Mae's Economic and Strategic Research (ESR) Group included in these materials should not be construed as indicating Fannie Mae's business prospects or expected results, are based on a number of assumptions, and are subject to change without notice. How this information affects Fannie Mae will depend on many factors. Although the ESR Group bases its opinions, analyses, estimates, forecasts, and other views on information it considers reliable, it does not guarantee that the information provided in these materials is accurate, current or suitable for any particular purpose. Changes in the assumptions or the information underlying these views could produce materially different results. The analyses, opinions, estimates, forecasts, beliefs, and other views published by the ESR Group represent the views of that group as of the date indicated and do not necessarily represent the views of Fannie Mae or its management.
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