The Cash Out Refi Share Is Above 80%, But Thereâs a Catch
While it would appear that borrowers are using their homes as ATMs again, itâs a bit misleading. Yes, the share of home mortgage refinances that resulted in cash out rose above 80% in the third quarter, per Freddie Mac data, but one must also consider overall loan volume. Letâs start with the basics here. Of [&hellip
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