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Refinance Activities Reports

Freddie Mac compiles statistics on loans it purchases that refinance loans in its portfolio, and produces two reports on the attributes of these refinance loans. One report is the known as the "Cash-out Refinance Report" and the other is the "Refinance Product Transition Report." Both are released quarterly.

The Cash-out Refinance Report examines how the loan balances have changed between the original loan and the new refinance loan, including the percentage of refinance loans that have at least five percent larger loan amount than the loan paid off, the median ratio of the old interest rate to the new interest rate, the median age of the paid-off loan, and the median appreciation of the refinanced property. These data series begin in 1985. In addition, as of the third quarter of 2002, Freddie Mac began releasing annual cash-out volume statistics. Beginning with the third quarter of 2006, Freddie Mac began releasing quarterly cash-out volume statistics. The data are available for the U.S. from 1993 on and include statistics on cash-out volume as a percentage of refinance originations volume, estimates of total home equity cashed out, and estimates of the total increase in first lien mortgage debt due to cash-outs and consolidation of existing 2nd mortgages and HELOCs.

The Refinance Product Transition examines the product choices borrowers make when they refinance an existing loan, using 6 product categories: traditional 1-year adjustable-rate mortgages (ARMs) which have regular interest rate adjustments throughout the life of the loan, hybrid ARMs that feature a longer period before the first interest-rate reset than that for subsequent resets, balloon mortgages, and three fixed-rate mortgage product groups: 15-year loan terms, 20-25 year terms and 30-year terms. The annual data in this series date back to 1990, and quarterly data are available for the past 5 years.

For more information, please visit the Refinance Activities Report FAQ page.

  • Q4 2012 – Product – February 12, 2013
  • Q4 2012 – Cash Out – February 4, 2012
  • Q3 2012 – Product – November 13, 2012
  • Q3 2012 – Cash Out – November 7, 2012
  • Q2 2012 – Product – August 14, 2012
  • Q2 2012 – Cash Out – July 31, 2012
  • Q1 2012 – Product – May 14, 2012
  • Q1 2012 – Cash Out – May 8, 2012
  • Q4 2011 – Product – February 14, 2012
  • Q4 2011 – Cash Out – February 2, 2012
  • Q3 2011 – Product – November 15, 2011
  • Q3 2011 – Cash Out – November 7, 2011
  • Q2 2011 – Product – August 15, 2011
  • Q2 2011 – Cash Out – August 1, 2011
  • Q1 2011 – Product – May 16, 2011
  • Q1 2011 – Cash Out – May 5, 2011
  • Q4 2010 – Product – February 15, 2011
  • Q4 2010 – Cash Out – January 31, 2011
  • Q3 2010 – Product – November 15, 2010
  • Q3 2010 – Cash Out – October 27, 2010
  • Q2 2010 – Product – August 11, 2010
  • Q2 2010 – Cash Out – July 28, 2010
  • Q1 2010 – Product – May 12, 2010
  • Q1 2010 – Cash Out – April 28, 2010
  • Q4 2009 – Product – February 15, 2010
  • Q4 2009 – Cash Out – January 28, 2010
  • Q3 2009 – Product – November 12, 2009
  • Q3 2009 – Cash Out – November 2, 2009
  • Q2 2009 – Product – August 13, 2009
  • Q2 2009 – Cash Out – July 30, 2009
  • Q1 2009 – Product – May 21, 2009
  • Q1 2009 – Cash Out – April 30, 2009
  • Q4 2008 – Product – February 23, 2009
  • Q4 2008 – Cash Out – January 30, 2009
  • Q3 2008 – Product – November 20, 2008
  • Q3 2008 – Cash Out – October 30, 2008
  • Q2 2008 – Product – August 11, 2008
  • Q2 2008 – Cash Out – July 24, 2008
  • Q1 2008 – Product – May 20, 2008
  • Q1 2008 – Cash Out – May 2, 2008
  • Q4 2007 – Product – February 19, 2008
  • Q4 2007 – Cash Out – February 8, 2008

 

Statistical Data

The following data files are available for downloading.

© 2013 Freddie Mac

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