Large U.S. metros with largest increase in mortgage refinance activity Q4 2020

Published by Statista Research Department, Feb 6, 2023
From the third to the fourth quarter of 2020, the largest increases in mortgage refinance activities in United States metropolitan areas with over one million inhabitants took place in Chicago, IL. Mortgage refinance activity increased by 44 percent in that metro. Refinance takes place when the terms of an existing loan are revaluated. This commonly occurs when interest rates fall.

Large metropolitan areas with largest increase in mortgage refinance activity in the United States between 3rd quarter 2020 and 4th quarter 2020

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Release date

March 2021

Region

United States

Survey time period

Q3 to Q4 2020

Special properties

Metropolitan areas with at least one million inhabitants

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