Refinance Approvals Top 75%

Refinance Home Loan

Mortgage refinance applications have surged as interest rates have fallen in the past month. New data from LendingTree shows that 75% of all requests nationally are being approved. On a state-by-state basis, Utah has the highest refinance approval rate with 82.4%, while New Mexico has the lowest rate at 66.5%. LendingTree found that states with higher approval rates also had homeowners with higher credit scores and greater home appreciation.