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13.05.202611:00:00UTC+00U.S. Mortgage Refinance Activity Slips as Index Edges Down to 921.1

The pace of mortgage refinancing in the United States eased slightly, with the Mortgage Refinance Index declining to 921.1 from a previous level of 928.6, according to the latest data updated on 13 May 2026.

The modest drop in the index suggests a small cooling in refinance demand, potentially reflecting a less favorable rate environment or reduced incentive for borrowers who have already locked in lower rates in earlier waves of refinancing. While the move from 928.6 to 921.1 is not dramatic, it underscores a gradual normalization after prior periods of heightened activity.

Analysts will be watching upcoming releases to determine whether this dip marks the start of a broader downtrend in refinancing or simply a pause in what has been a volatile cycle driven by shifting interest-rate expectations and changing household borrowing needs.

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