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Refinance Report

Refinance Report - First Quarter 2019

Published: 5/20/2019

First Quarter 2019 Highlights​ 

  • Total refinance volume increased in March 2019 as mortgage rates fell in previous months. Mortgage rates decreased in March: the average interest rate on a 30‐year fixed rate mortgage fell to 4.27 percent from 4.37 percent in February.

    In the First Quarter of 2019:
    • Borrowers completed 901 refinances through HARP, bringing total refinances from the inception of the program to 3,495,296.
    • HARP volume represented 0.4 percent of total refinance volume.
  • Borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance through the program.

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