Industry News

Cash-outs dominate shrinking home refinance market

But dollar amount of extracted equity expected to decline
Published on Jul 12, 2006

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by CareyBot

In a conference call with reporters Tuesday, Freddie Mac’s chief economist Frank Nothaft offered some insight into when and why people refinance their mortgages. Nothaft defines periods where refinancing constitutes more than 50 percent of mortgage loans as “refi boom ...