Cash-out refinancing hits near 3-year high in Q2 Total tappable U.S. home equity reaches $11.6 trillion Some markets see equity drop as prices cool in Sunbelt, West Homeowners are cashing in on years ...
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What is a cash-out refinance?
A cash-out refinance replaces your current mortgage with a new, larger one. It includes the remaining balance of your original loan plus an additional amount that you’ll withdraw in cash. This cash ...
Cash-out refinances reached a 3-year high in Q2 2024. Average homeowner pulled $94K, adding $590 to monthly payment. U.S. homeowner equity hit record $17.8 trillion in Q2. About 564K borrowers now owe ...
Homeowners are cashing in on years of home equity gains, even as mortgage rates remain elevated. The trend sent cash-out home refinancing activity to a nearly three-year high in the April-June quarter ...
Read full article: Texas Education Agency launches new hotline to help students experiencing homelessness Sky 2 above reported drowning in White Oak Bayou, HPD investigating. Homeowners are cashing in ...
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