Mortgage Refinancing in California
Real refinance data for California from federal sources, updated annually. See how your state compares to national averages.
Refinance Originations
29,110
2023 HMDA data
Avg Loan Amount
$888,696
National: $410,429
Denial Rate
32.07%
▼ Above national avg
Median Home Value
$695,400
U.S. Census Bureau
Source: HMDA 2023 via CFPB, U.S. Census Bureau ACS
Calculate your refinance savingsRefinance Trends in California
Originations by Year
Refinance originations in California by year. Source: HMDA via CFPB.
Loan Type Breakdown
Includes all refinance applications (originated, denied, and other outcomes). Source: HMDA via CFPB.
Home Price Trends in California
Source: FHFA House Price Index
Top Lenders in California
| # | Lender | HMDA Records | Avg Loan |
|---|---|---|---|
| 1 | United Shore Financial Services LLC | 96,241 | - |
| 2 | Jpmorgan Chase Bank National Association | 88,917 | - |
| 3 | Rocket Mortgage LLC | 72,577 | - |
| 4 | Bank Of America National Association | 68,838 | - |
| 5 | United Wholesale Mortgage LLC | 62,905 | - |
| 6 | Wells Fargo Bank National Association | 51,947 | - |
| 7 | U.s. Bank National Association | 46,478 | - |
| 8 | Bank Of America National Association | 44,821 | - |
| 9 | Rocket Mortgage LLC | 39,844 | - |
| 10 | U.s. Bank National Association | 34,658 | - |
Ranked by total HMDA filings in the state (2023). Source: HMDA via CFPB.
Compare all lenders →How California Compares
| Metric | California | National Avg |
|---|---|---|
| Refinance Originations | 29,110 | 435,709 |
| Avg Loan Amount | $888,696 | $410,429 |
| Denial Rate | 32.07% | 27.87% |
Green indicates the state performs better than the national average. Red indicates worse. Source: HMDA 2023, U.S. Census Bureau.
Current Mortgage Rates
30-Year Fixed
6.38%
▲ 6.22% prev
15-Year Fixed
5.75%
▲ 5.54% prev
5/1 ARM
6.06%
▲ 5.95% prev
National average rates updated daily from FRED (Federal Reserve Bank of St. Louis). Your rate depends on your credit score, loan amount, and lender.
Get personalized rates →Frequently Asked Questions
How many people refinanced in California in 2023?
In 2023, there were 29,110 refinance originations in California, according to HMDA data reported to the CFPB.
What is the average refinance loan amount in California?
The average refinance loan amount in California was $888,696 in 2023. This reflects originated loans reported through HMDA.
What is the refinance denial rate in California?
The refinance denial rate in California was 32.07% in 2023. This is calculated from originated and denied applications reported to the CFPB.
What are the top refinance lenders in California?
The most active lenders in California by HMDA filing volume include United Shore Financial Services LLC, Jpmorgan Chase Bank National Association, Rocket Mortgage LLC. See the full list above for details.
Is it a good time to refinance in California?
Whether refinancing makes sense depends on your current rate, loan balance, and how long you plan to stay in your home. Use our refinance calculator and break-even calculator to estimate your potential savings based on current national rates.
Want a deeper analysis?
Read our full editorial guide on refinancing in California, including tips, regulations, and state programs.
Read the California Refinance GuideData sourced from HMDA (Home Mortgage Disclosure Act) via the CFPB and FRED (Federal Reserve Bank of St. Louis). Demographics from the U.S. Census Bureau American Community Survey. This page is for educational purposes only and does not constitute financial advice. Consult a licensed mortgage professional for personalized guidance.