Refinance Mortgage Demand Index | TovoData
The TovoData Refinance MDI was over 100 in 18 states in the fourth quarter 2020, while only two states had an index value of 150 or higher. Nevada (173) and Florida (155)had the most refinancing demand relative to existing mortgages in the fourth quarter. TovoData Refinance Mortgage Demand Index: Top 10 States 4Q 2020 Refinance mortgage demand, however, is stronge r than purchase demand in 27 states. Seven states had a refinance index that was 20 points or more above their total index. Northeast states comprise most of this group with five states in that region –Rhode Island (136),Delaware (135), New Jersey (106), New Hampshire (95), and Connecticut (93). The other two states are Florida (155) and Wyoming (99).