Q1 Refinance Activity Down – NMP Skip to main content

Q1 Refinance Activity Down

May 16, 2017
Approximately 510,000 refinances were completed in the first quarter, according to new data from the Federal Housing Finance Agency (FHFA)

Approximately 510,000 refinances were completed in the first quarter, according to new data from the Federal Housing Finance Agency (FHFA). This represents a decline from the more than 750,767 refinances that were in the fourth quarter of 2016.
 
The FHFA's is also reporting that three percent—or 13,425—of the mortgages refinanced in the first quarter were through the Home Affordable Refinance Program (HARP); 137,594 borrowers were still eligible for a HARP refinance as of the fourth quarter of 2016. 
 
Ten states accounted for over 60 percent of the nation's HARP eligible loans with a refinance incentive as the end of 2016, the FHFA added. 

 
About the author
Published
May 16, 2017
Garg Claims Majority In Better Fight, Board Poised To Honor Vote

Founder says he secured more than 51% of voting power to remove five directors, pending confirmation by a third-party inspector

Oct 01, 2026
Rocket Makes VantageScore Its Default After Testing Finds Borrower Savings

After four months of testing, Rocket will make VantageScore 4.0 its preferred model for eligible retail loans while keeping both scoring options available to brokers

Sep 29, 2026
CHLA: More Freddie Mac MBS Buying Could Narrow Mortgage Spreads

Trade group estimates greater Freddie participation could compress spreads another 10 to 12 basis points as Fannie has taken the lead in GSE mortgage-bond buying

Sep 23, 2026
Early Loan-Limit Race Splits Into Three Tiers

Lenders are now offering $845,000, $847,440, or $850,000 before FHFA sets the official 2027 limits

Sep 23, 2026
Better, Garg Clash Over Claimed 46% Shareholder Support

Better disputes its former CEO’s preliminary consent count as the two sides trade accusations and an Oct. 2 target date approaches

Sep 23, 2026