Refinance volume remained high in January 2013 compared to historical levels as mortgage rates remained near historic lows.

HARP volume represented 21 percent of total refinance volume in January.

Refinance volume remained high in February 2013 as mortgage rates hovered near historic low levels.

HARP volume represented 21 percent of total refinance volume in February.

Refinance volume remained high in March 2013 as mortgage rates rose over the past few months but remained near record low levels.

HARP volume represented 21 percent of total refinance volume in March.

Refinance volume remained high in April 2013 as mortgage rates remained near record low levels.

HARP volume represented 23 percent of total refinance volume in April.

In April 2013, 106,910 refinances were completed through HARP, bringing the total refinances through HARP from the inception1 of the program to 2,566,239.

Refinance volume fell slightly in May 2013 as mortgage rates remained slightly above record low levels.

HARP volume represented 20 percent of total refinance volume in May.

Total refinance volume dipped slightly in the second quarter of 2013 from the two previous quarters. Refinances through HARP also dropped but remained on par with the same quarter last year.

Refinance volume continued to decrease in July after mortgage rates rose in June. Mortgage rates continued to rise in July, reaching 4.37 percent.

In July 2013, 79,261 refinances were completed through HARP, bringing the total refinances through HARP from the inception of the program to 2,818,535.

Refinance volume continued to decrease in August after mortgage rates rose in July. Mortgage rates continued to rise in August: the average interest rate on a 30 year fixed rate mortgage reached 4.46 percent.

Refinance volume decreased in the third quarter as mortgage rates rose in the preceding months. Mortgage rates continued to rise in September: the average interest rate on a 30 year fixed rate mortgage reached 4.49 percent.

Refinance volume decreased in October as mortgage rates rose in the preceding months. However, in October, mortgage rates decreased: the average interest rate on a 30 year fixed rate mortgage reached 4.19 percent.