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Volume 22 - Number 23

November 9, 2018

No Need to Fear Growth of Cash-Out Refi, Says UI

Cash-out refinancing is on the rise again, driven by rising interest rates and strong home-price appreciation, but there is no cause for alarm, according to the Urban Institute. Using Freddie Macís quarterly numbers on the refi market, UI found that the share of refi loans where borrowers tapped into their home equity has reached 77 percent of total refis in the second quarter of 2018. That was the marketís highest point since 2008, just as housing valuations began to tank ...

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