Industry News

Freddie Mac: 89% of refis involve cash out

Third-quarter rate highest since 1990
Published on Nov 1, 2006

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by CareyBot

Freddie Mac reports that 89 percent of people who refinanced loans owned by the government-backed mortgage repurchaser in the third quarter took cash out — the highest level recorded since 1990. Although the percentage of people taking cash out when ...

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