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Refinance Report

Refinance Report - August 2012

Published: 10/16/2012

​This report provides monthly data and analysis on mortgage rates, refinance volume, and Home Affordable Refinance Program (HARP) volume by state, LTV buckets and other measures.

Report Highlights

  • Refinance volume continued to be strong in August as 30-year mortgage rates remained near record lows.

  • HARP volume continued to represent a material portion of total refinance volume in 2012 as HARP enhancements took effect in the first and second quarters of this year. HARP volume represented 24 percent of total refinance volume in August 2012.​

  • Borrowers in August with loan-to-value ratios greater than 105 percent continued to account for more than half the volume of HARP loans as HARP enhancements became fully implemented in the second quarter of 2012.​

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