10 states most wanting to refinance… and the 10 least

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Refinancing is declining as mortgage rates have risen due to persistent inflation and strong job growth. 

Eden Emerald Mortgages ranked the states most and least wanting to refinance by analyzing the number of times people in each state use search engines to type in terms related to lowering their mortgage rate.   

New Mexico is the state least wanting to refinance, with 369.38 keyword searches per 100,000 population and 7,810 average monthly keyword searches. 

New Hampshire is the state most wanting to refinance, with 674.84 keyword searches per 100,000 population and 9,462 average monthly keyword searches. 

"When mortgage rates rise, the motivation to refinance decreases," Shaun Bettman, CEO of Eden Emerald Mortgages said in a release. "Homeowners with an existing mortgage at a lower rate would find it less beneficial to refinance into a higher-rate loan, as it would likely increase their monthly payments. Therefore, during periods of rising rates, the number of refinancing applications will drop."

Read more about the states most and least wanting to refinance.

States least wanting to refinance

Rank State Keyword searches
(per 100,000 population)
Average monthly keyword searches
10 West Virginia 473.95 8,389
9 Ohio 472.56 55,696
8 Kentucky 467.39 21,155
7 Pennsylvania 466.49 60,465
6 Indiana 460.88 31,627
5 Texas 437.21 133,365
4 Arkansas 429.47 13,175
3 Louisiana 421.52 19,279
2 Mississippi 371.44 10,919
1 New Mexico 369.38 7,810

States most wanting to refinance

Rank State Keyword searches
(per 100,000 population)
Average monthly keyword searches
10 Oregon 570.49 24,151
9 Wyoming 576.57 3,368
8 Idaho 576.97 11,336
7 Montana 582.77 6,602
6 Vermont 591.41 3,829
5 Utah 594.55 20,320
4 Colorado 610.61 35,889
3 North Dakota 631.97 4,954
2 Maine 669.67 9,347
1 New Hampshire 674.84 9,462

States most wanting to refinance

Chart showing states most wanting to refinance with Oregon ranking 10th.
Oregon ranked 10th of states most wanting to refinance with 570.49 keyword searches per 100,000 people.
Chart showing states most wanting to refinance with Wyoming ranking 9th.
Wyoming ranked 9th of states most wanting to refinance with 576.57 keyword searches per 100,000 people.
Chart showing states most wanting to refinance with Idaho ranking 8th.
Idaho ranked 8th of states most wanting to refinance with 576.97 keyword searches per 100,000 people.
Chart showing states most wanting to refinance with Montana ranking 7th.
Montana ranked 7th of states most wanting to refinance with 582.77 keyword searches per 100,000 people.
Chart showing states most wanting to refinance with Vermont ranking 6th.
Vermont ranked 6th of states most wanting to refinance with 591.41 keyword searches per 100,000 people.
Chart showing states most wanting to refinance with Utah ranking 5th.
Utah ranked 5th of states most wanting to refinance with 594.55 keyword searches per 100,000 people.
Chart showing states most wanting to refinance with Colorado ranking 4th.
Colorado ranked 4th of states most wanting to refinance with 610.61 keyword searches per 100,000 people.
Chart showing states most wanting to refinance with North Dakota ranking 3rd.
North Dakota ranked 3rd of states most wanting to refinance with 631.97 keyword searches per 100,000 people.
Chart showing states most wanting to refinance with Maine ranking 2nd.
Maine ranked 2nd of states most wanting to refinance with 669.67 keyword searches per 100,000 people.
Chart showing states most wanting to refinance with New Hampshire ranking 1st.
New Hampshire ranked 1st of states most wanting to refinance with 674.84 keyword searches per 100,000 people.

States least wanting to refinance


Chart showing states least wanting to refinance with West Virginia ranking 10th.
West Virginia ranked 10th of states least wanting to refinance with 473.95 keyword searches per 100,000 people.
Chart showing states least wanting to refinance with Ohio ranking 9th.
Ohio ranked 9th of states least wanting to refinance with 472.56 keyword searches per 100,000 people.
Chart showing states least wanting to refinance with Kentucky ranking 8th.
Kentucky ranked 8th of states least wanting to refinance with 467.39 keyword searches per 100,000 people.
Chart showing states least wanting to refinance with Pennsylvania ranking 7th.
Pennsylvania ranked 7th of states least wanting to refinance with 466.49 keyword searches per 100,000 people.
Chart showing states least wanting to refinance with Indiana ranking 6th.
Indiana ranked 6th of states least wanting to refinance with 460.88 keyword searches per 100,000 people.
Chart showing states least wanting to refinance with Texas ranking 5th.
Texas ranked 5th of states least wanting to refinance with 437.21 keyword searches per 100,000 people.
Chart showing states least wanting to refinance with Arkansas ranking 4th.
Arkansas ranked 4th of states least wanting to refinance with 429.47 keyword searches per 100,000 people.
Chart showing states least wanting to refinance with Louisiana ranking 3rd.
Louisiana ranked 3rd of states least wanting to refinance with 421.52 keyword searches per 100,000 people.
Chart showing states least wanting to refinance with Mississippi ranking 2nd.
Mississippi ranked 2nd of states least wanting to refinance with 473.95 keyword searches per 100,000 people.
Chart showing states least wanting to refinance with New Mexico ranking 1st.
New Mexico ranked 1st of states least wanting to refinance with 369.38 keyword searches per 100,000 people.
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