Mortgage Refinancing in Mississippi
Real refinance data for Mississippi from federal sources, updated annually. See how your state compares to national averages.
Refinance Originations
7,219
2023 HMDA data
Avg Loan Amount
$156,254
National: $410,429
Denial Rate
17.94%
▲ Below national avg
Median Home Value
$161,400
U.S. Census Bureau
Source: HMDA 2023 via CFPB, U.S. Census Bureau ACS
Calculate your refinance savingsRefinance Trends in Mississippi
Originations by Year
Refinance originations in Mississippi 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 Mississippi
Source: FHFA House Price Index
Top Lenders in Mississippi
| # | Lender | HMDA Records | Avg Loan |
|---|---|---|---|
| 1 | Trustmark National Bank | 7,857 | - |
| 2 | Trustmark National Bank | 6,450 | - |
| 3 | Cadence Bank | 6,381 | - |
| 4 | 21st Mortgage Corporation | 6,328 | - |
| 5 | Regions Bank | 5,991 | - |
| 6 | 21st Mortgage Corporation | 5,890 | - |
| 7 | Rocket Mortgage LLC | 5,705 | - |
| 8 | Regions Bank | 5,444 | - |
| 9 | Cadence Bank | 4,943 | - |
| 10 | Community Bank Of Mississippi | 3,963 | - |
Ranked by total HMDA filings in the state (2023). Source: HMDA via CFPB.
Compare all lenders →How Mississippi Compares
| Metric | Mississippi | National Avg |
|---|---|---|
| Refinance Originations | 7,219 | 435,709 |
| Avg Loan Amount | $156,254 | $410,429 |
| Denial Rate | 17.94% | 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 Mississippi in 2023?
In 2023, there were 7,219 refinance originations in Mississippi, according to HMDA data reported to the CFPB.
What is the average refinance loan amount in Mississippi?
The average refinance loan amount in Mississippi was $156,254 in 2023. This reflects originated loans reported through HMDA.
What is the refinance denial rate in Mississippi?
The refinance denial rate in Mississippi was 17.94% in 2023. This is calculated from originated and denied applications reported to the CFPB.
What are the top refinance lenders in Mississippi?
The most active lenders in Mississippi by HMDA filing volume include Trustmark National Bank, Trustmark National Bank, Cadence Bank. See the full list above for details.
Is it a good time to refinance in Mississippi?
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 Mississippi, including tips, regulations, and state programs.
Read the Mississippi 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.