Mobile Mortgage News

Cash-out refis at 6-year low

posted 38 weeks ago on Mortgage Insider

Freddie Mac?s quarterly refinance report for Q3 shows nationwide ... Share of refinance loans resulting in new mortgages that were 5% or more higher than the paid-off first mortgage balance — a measure of ?cash-out? refinancing — fell to a six-year low of 36%. In the first three quarters of this year, total equity cashed out was [...]
Read...


Related Headlines

Search: