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 June as 30-year mortgage rates continued to reach new record lows.
-
HARP volume represented 33 percent of total refinance volume in June, the highest percentage reported since the inception of HARP.
-
In June, borrowers with LTV greater than 105 percent accounted for 62 percent of HARP volume, up from 32 percent in May.
-
HARP refinances for loans with LTV greater than 125 percent surged in June as lenders began to sell Fannie Mae and Freddie Mac securities containing these loans June 1.