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Refinance Report

Refinance Report - May 2012

Published: 07/16/2012

​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.​

Related HARP News Release

Report Highlights

  • Refinance volume continued to be strong in May as 30-year mortgage rates reached new record lows.

  • HARP volume represented 20 percent of total refinance volume in May, the highest percentage reported since the inception of HARP. One in five refinanced loans in May was through HARP.

  • The number of completed refinances for underwater borrowers in the first five months of 2012 exceeded the number of refinances completed for underwater borrowers for all of 2011.

Attachments:
Refinance Report – May 2012