Fannie Mae aims to track refinance activity and refinance application trends through its newly launched Refinance Application-Level Index (RALI).

The RALI, which sources data from Fannie Mae’s Desktop Underwriter to show the past week’s refinance application trends and prepayment projections, will publish each Tuesday at 10 a.m. EST, according to Fannie Mae.

Fannie Mae’s new index provides two measures: volume of unpaid principal balance in dollars and a loan count.

For the week ending June 10, the dollar volume of refinance applications rose 17.9% from the previous week. RALI dollar volume was down 69.5% compared to the same week last year. RALI’s loan details ⇒

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