FHA refinance activity has been high for several months. [See US Current FHA Refinance Report link in right pane of blog for state totals]
Recent government moves have reduced interest rates for other refinances.
According to Housing Wire story HERE, GSE's [Fannie/Freddie] are following FHA model to pump more refinance volume.
Generally, FHA streamlined refis do not require reappraisal [could be some limited circumstances where that is not true]..Logic for FHA has long been that streamlined refis were limited to already insured FHA loans. Any refi therefore that reduced payments for borrower actually reduced risk of default, so long as it did not increase insured amount.. Would assume similar constraints would be placed on refinances of existing GSE loans.
For FHA refinances of conventional loans [largest share of all FHA refis] there is no waiver of appraisal requirement.
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