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Refinance Report

Refinance Report - First Quarter 2014

Published: 5/28/2014
​First Quarter 2014 Highlights
  • Refinance volume decreased in March, dropping to levels last observed in 2008. Mortgage rates have ranged between four to four and a half percent since June 2013. In March, mortgage rates increased: the average interest rate on a 30-year. fixed- rate mortgage rose to 4.34 percent.

  • In the first quarter of 2014, 76,930 refinances were completed through HARP, bringing the total refinances through HARP from the inception of the program to 3,134,889.

  • HARP volume represented 21 percent of total refinance volume in the first quarter.

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