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
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 |
