Industry News

Mortgage cash-outs at levels not seen since 1990

Many willing to pay higher interest rates to refinance
Published on Aug 4, 2006

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by CareyBot

With interest rates on home equity loans rising, more people are turning to cash-out refinancing to pay for home improvements, business investments or to consolidate debts, Freddie Mac economists report. Some 88 percent of Freddie Mac-owned loans refinanced in the ...