Industry News

Fewer borrowers cash out real estate equity

But increase expected toward end of year
Published on Aug 3, 2004

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by CareyBot

About 39 percent of Freddie Mac-owned loans that were refinanced in the second quarter of 2004 resulted in new mortgages at least 5 percent higher than their original mortgages, according to a Freddie Mac’s quarterly refinance review. That’s a drop ...

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