Refinance volume is only a fraction of what it was three years ago when mortgage rates plummeted to historic lows, but borrowers have returned in greater numbers this year.

Recent data from CoreLogic shows that $347 billion in refinances were originated during the first 10 months of 2024. That’s up 27% compared to the $273 billion total for the same period last year, which was a 22-year low point. But it’s also a far cry from the $2.2 trillion issued in the first 10 months of 2021 when mortgage rates were in the 3% range.

CoreLogic analyzed data over details ⇒

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