Interest Rates by Loan Purpose

Origination activity in 2021 shifted from refinance lending to cash-out refi, home improvement and home equity lending. Driven by low interest rates, high origination rates much more money was loaned on equity extraction products such as cash-out refinance and home equity lending. 

Originations   Amount Loaned   Origination Rates  

Forward loans on site built, 1-4 unit owner occupied homes.
Chart: NCRC Source: CFPB Get the data