Industry News

Cash-out refinancing expected to drop as interest rates rise

$500 billion in first-lien ARMs to reset in 2007
Published on Feb 7, 2007

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by CareyBot

The percentage of borrowers who took cash out when refinancing loans with Freddie Mac dropped slightly in the fourth quarter, as did the dollar volume of cash-out refinances. Cash-out refinance volume is expected to continue on a downward trend in ...