Mortgage Refinancing in New York
Real refinance data for New York from federal sources, updated annually. See how your state compares to national averages.
Refinance Originations
17,979
2023 HMDA data
Avg Loan Amount
$748,420
National: $410,429
Denial Rate
28.95%
▼ Above national avg
Median Home Value
$403,000
U.S. Census Bureau
Source: HMDA 2023 via CFPB, U.S. Census Bureau ACS
Calculate your refinance savingsRefinance Trends in New York
Originations by Year
Refinance originations in New York 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 New York
Source: FHFA House Price Index
Top Lenders in New York
| # | Lender | HMDA Records | Avg Loan |
|---|---|---|---|
| 1 | Citizens Bank National Association | 28,863 | - |
| 2 | Jpmorgan Chase Bank National Association | 28,738 | - |
| 3 | Wells Fargo Bank National Association | 25,452 | - |
| 4 | Jpmorgan Chase Bank National Association | 25,404 | - |
| 5 | Rocket Mortgage LLC | 24,963 | - |
| 6 | Citizens Bank National Association | 21,307 | - |
| 7 | Manufacturers And Traders Trust Company | 17,111 | - |
| 8 | Bank Of America National Association | 15,773 | - |
| 9 | United Shore Financial Services LLC | 14,007 | - |
| 10 | Rocket Mortgage LLC | 13,383 | - |
Ranked by total HMDA filings in the state (2023). Source: HMDA via CFPB.
Compare all lenders →How New York Compares
| Metric | New York | National Avg |
|---|---|---|
| Refinance Originations | 17,979 | 435,709 |
| Avg Loan Amount | $748,420 | $410,429 |
| Denial Rate | 28.95% | 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 New York in 2023?
In 2023, there were 17,979 refinance originations in New York, according to HMDA data reported to the CFPB.
What is the average refinance loan amount in New York?
The average refinance loan amount in New York was $748,420 in 2023. This reflects originated loans reported through HMDA.
What is the refinance denial rate in New York?
The refinance denial rate in New York was 28.95% in 2023. This is calculated from originated and denied applications reported to the CFPB.
What are the top refinance lenders in New York?
The most active lenders in New York by HMDA filing volume include Citizens Bank National Association, Jpmorgan Chase Bank National Association, Wells Fargo Bank National Association. See the full list above for details.
Is it a good time to refinance in New York?
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 New York, including tips, regulations, and state programs.
Read the New York 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.