19.11.202512:00:00UTC+00U.S. Mortgage Refinance Index Drops as Rates Remain Elevated

The Mortgage Refinance Index in the United States has recorded a significant decline, according to the latest data updated on November 19, 2025. The index, which previously stood at 1247.5, has now dropped to 1156.8, indicating a dip in refinancing activity among American homeowners.

This decrease in the refinance index comes amidst persistently high-interest rates, which continue to suppress the incentive for homeowners to refinance their mortgages. As refinancing becomes less attractive, fewer homeowners are opting to modify the terms of their existing loans, leading to the index's downward trend.

Analysts suggest that as long as mortgage rates remain elevated, potential refinancers may adopt a wait-and-see approach, hoping for more favorable conditions in the future. This change in the index highlights ongoing challenges faced by borrowers as they navigate the current financial landscape, impacting both individual financial decisions and the broader housing market.