U.S. Refinance Application Volume (2009–2025)

FreeRateUpdate’s authoritative analysis of refinance-application activity across the U.S. (MBA Weekly Refinance Index).

Figure 2 — MBA Refinance Application Volume, 2009–2025 (Annualized Proxy)

Chart & Key Data (2009–2025)

Major refinance surges occurred in 2009-2010, 2013, and 2020-21. Applications declined sharply in 2022-23 and stabilized in 2025.
Source: Mortgage Bankers Association (MBA) Weekly Refinance Index; values shown as normalized index points.

Key Insights

  • Major refinance surges occurred in 2009-2010, 2013, and 2020-21.
  • Applications declined sharply in 2022-23 and stabilized in 2025.

Sample data table for crawler readability

Sample data excerpt
Year Index (MBA normalized)
20251600
20241200
2023900
20221800
20214800

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