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

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.

自2020年第三季度至第四季度，美国超过百万人口的大都市地区中，抵押贷款再融资活动增幅最大的为伊利诺伊州芝加哥市。该地区抵押贷款再融资活动增长44%。再融资是指在现有贷款条款重新评估的情况下进行的。这种情况通常发生在利率下降时。