Industry News

More borrowers cash out real estate equity

Refinanced properties gained median value of 17% from time of original loan
Published on Nov 3, 2004

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by CareyBot

Sixty percent of Freddie Mac-owned loans that were refinanced in the third quarter resulted in new mortgages at least 5 percent higher in amount than the original mortgages, according to Freddie Mac’s quarterly refinance review. That’s an increase from the ...