Is There Consumer Demand to Refinance?

A recent Harris Interactive poll asked a group of 2,237 adults who were online in December about their planned financial behaviors in 2012.  One of the questions asked whether respondents planned on refinancing a mortgage in the new year.  Only 5% responded positively, the same percentage as those who answered the same question in 2009 and one point lower than that of 2010 respondents.

The survey received a larger positive response on the refinance question from respondents in the Gen X group (age 35 to 46).  For that group the response was 9%. The survey does not reveal how many of those surveyed are current mortgage holders.