Refinance Boom: This Year vs. Last Year
Mortgage refinance applications are making a serious comeback in 2025. Compared to the same time last year, refinance volume is up almost 50% in application counts and 70% in total dollar volume. That’s a big jump, especially considering how sluggish refinances were in 2024. Falling mortgage rates are the main catalyst, but higher-balance borrowers are leading the charge.
So, what’s driving the change? Treasury yields have dipped, the Fed is signaling possible cuts, and even adjustable-rate mortgages are seeing renewed interest. Add in the fact that last year’s numbers were weighed down by higher rates, and the rebound looks even more dramatic. For homeowners who have been on the fence, this could be the moment to capture real monthly savings. 🔗 Click here to learn more.
🧐 Year-Over-Year Snapshot
Refinance applications (by count): Up ~49% vs. last year
Refinance applications (by dollar volume): Up ~71% vs. last year
Week-over-week change (Sept 2025): More than doubled in a single week
(Source: 🔗 Fannie Mae RALI)
🔍 What’s Driving the Surge
Falling Rates — As rates decline, more homeowners are finding it worth the paperwork.
Fed Expectations — Anticipation of rate cuts keeps momentum going.
Loan Balance Effect — Bigger loans = bigger savings = bigger incentive to refinance.
ARM vs Fixed Options — Adjustable-rate loans are getting attention again.
Low Base Effect — Last year was weak, so percentage gains look huge now.
⚠️ Why It Matters
This isn’t just a blip — refinance demand tells us how homeowners are reacting to the rate cycle. While not everyone will qualify, those who do could see meaningful savings. Even a 0.5% drop in rate on a larger loan balance can free up hundreds of dollars each month.
🚀 Call to Action
Refinance activity is heating up — the question is whether you’ll benefit. If your rate feels higher than today’s market, let’s run the numbers together. I can show you how much you’d save, what your break-even timeline looks like, and whether a refinance fits your financial goals.
📞 Don’t wait for “the perfect rate.” The best time to explore your options is now.
