Starting with the first quarter of 2013, we combined the previous Cash-out Refinance Report and Refinance Product Transition Report into one Refinance Report to provide greater context around refinance behavior.
This page includes an archive of the quarterly Refinance Report and full dataset.
Quarter | Report and Dataset |
---|---|
Q3 2018 | |
Q2 2018 | |
Q1 2018 | |
Q4 2017 | |
Q3 2017 | |
Q3 2016 | |
Q2 2016 | |
Q1 2016 | |
Q4 2015 | |
Q3 2015 | |
Q2 2015 | |
Q1 2015 | |
Q4 2014 | |
Q3 2014 | |
Q2 2014 | |
Q1 2014 | |
Q4 2013 | |
Q3 2013 | |
Q2 2013 | |
Q1 2013 |
Cash Out | File Name |
---|---|
Annual Cash-Out Statistics by Census Regions and 10 Largest MSAs (includes national index) | annual_censusrefi.xls |
Quarterly Cash-Out Statistics | qtrly_refi.xls |
Cash Out Volume Annual | cashout_vol_annual.xls |
Cash Out Volume Quarterly | cashout_vol_qtrly.xls |
Product Transition | File Name |
---|---|
Annual Product Transition Statistics | annualtransition.xls |
Quarterly Product Transition Statistics | quarterlytransition.xls |
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.
Starting with the first quarter of 2013, we combined the Cash-out Refinance Report and Refinance Product Transition Report into one Refinance Report to provide greater context around refinance behavior.
The Refinance Product Transition Report 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.
Starting with the first quarter of 2013, we combined the Cash-out Refinance Report and Refinance Product Transition Report into one Refinance Report to provide greater context around refinance behavior.
Opinions, estimates, forecasts and other views contained in this document are those of Freddie Mac's Economic & Housing Research group, do not necessarily represent the views of Freddie Mac or its management, should not be construed as indicating Freddie Mac's business prospects or expected results, and are subject to change without notice. Although the Economic & Housing Research group attempts to provide reliable, useful information, it does not guarantee that the information is accurate, current or suitable for any particular purpose. The information is therefore provided on an “as is” basis, with no warranties of any kind whatsoever. Information from this document may be used with proper attribution. Alteration of this document is strictly prohibited. ©2018 by Freddie Mac.
Insight | 6-Feb-19
Eighty-somethings Al and Rose have no desire to leave their home of decades. Meanwhile, thirty-somethings Alex and Rita can't wait to buy their first home. But they have to wait longer-and pay more-than they'd like, as long-time homeowners stay in their homes and keep them off the market.
Read More While Seniors Age in Place, Millennials Wait Longer and May Pay More for their First Homes
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