Washington based Fannie Mae said Wednesday its refinancing volume of mortgage loans has increased to $41 billion in February, the largest refinancing ever from $13.7 billion in January.

“As homeowner’s faces difficulties, many are increasingly taking advantage of the low mortgage rates available in the market today, said Tom Lund, Executive Vice President, Single-Family Mortgage Business.

More than 100,000 borrowers have accessed Fannie’s website to inquire about their eligibility for refinancing and about 50,000 have called, the company said.

Fannie Mae said, “We expect more volumes will increase for this year as millions of homeowners become eligible to refinance under the President's Making Home Affordable plan