Industry News

Fewer borrowers cash out real estate equity

Home-price appreciation slows in fourth quarter
Published on Feb 1, 2005

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by CareyBot

Fifty-six percent of Freddie Mac-owned loans that were refinanced in the fourth quarter resulted in new mortgages at least 5 percent higher in amount than the original mortgages, according to Freddie Mac’s quarterly refinance review. This is in contrast to ...