Published:
05/20/2019
Attachments:
Refinance Report - First Quarter 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.