Industry News

Refinancing homeowners cash out less equity in Q3

Freddie Mac expects continued slowdown in refis
Published on Nov 6, 2007

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by CareyBot

About 87 percent of Freddie Mac-owned loans that were refinanced during the third quarter resulted in new mortgages with loan amounts at least 5 percent higher than the original mortgage balances, according to a quarterly report. That compares with 84 ...

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