Outlook | August 20, 2024

U.S. Economic, Housing and Mortgage Market Outlook – August 2024 | Spotlight: Refinance Trends

The U.S. economy continues to remain strong as shown in Q2 2024 GDP growth, but some signs of cooling have emerged in the labor market.

Read MoreU.S. Economic, Housing and Mortgage Market Outlook – August 2024 | Spotlight: Refinance Trends

Quarterly refinance volume in Q2 2024 was $62 billion, the lowest since Q3 1996. Refinance volume in the first half of 2024 ($147 billion) was the weakest since the first half of 1995.

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