Industry News

Borrowers cash out real estate equity

Lower mortgage rate no longer top refinance concern
Published on May 4, 2004

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by CareyBot

The number of borrowers who refinanced to cash out home equity remained steady during the first quarter, according to Freddie Mac’s quarterly refinance review. In the first quarter of 2004, 43 percent of Freddie-Mac owned loans that were refinanced resulted ...

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