Refinance U.S. mortgage originations 2000-2023, per quarter
In the third quarter of 2023, the refinance mortgage originations of one-to-four family housing in the United States plummeted to approximately 81 billion U.S. dollars. This was substantially lower than the market peak of 933 billion U.S. dollars in the final quarter of 2020. Refinance mortgage originations were less than 20 percent of total mortgage originations in the third quarter of 2023.