May 20, 2019

FHFA: Fannie Mae and Freddie Mac Total Refinance Volume Increases in March 2019 as Interest Rates Falls

The Federal Housing Finance Agency (FHFA) today reported that Fannie Mae and Freddie Mac (the Enterprises) completed 234,716 refinances in the first quarter of 2019.  FHFA’s first quarter 2019 Refinance Report also shows that 901 loans were refinanced through the Home Affordable Refinance Program (HARP), bringing the total number of HARP refinances to 3,495,296 since inception of the program in 2009.

Because HARP expired in December 2018, the Enterprises created options for refinancing mortgages with a high loan-to-value ratio.  Deliveries were eligible beginning January 1, 2019.

Also in the Refinance Report:

Link to Refinance Report

This post was originally published here.