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Home Equity Still Fueling Refinancing

Mortgage Rates, Applications, Cash Out Refinancing All Up

Cash Out Refinancing Continued At Near Record Rates At Year End

Stripping Makes It To The Big Time

Freddie Mac Notes Increase in Cash Out Refinancing

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Home Equity Still Fueling Refinancing

Americans are continuing to treat their homes as cash cows according to a report released this week by Freddie Mac.

Frank Nothaft, Freddie Mac vice president and chief economists said, "The share of mortgages that were for refinance rose in the fourth quarter as 30-year fixed mortgage rates came down to where they started the year. Falling mortgage rates..."
...

Published Fri, Feb 02 2007 8:00 AM by Glenn Setzer

Filed under: Cash Out Refinancing, home equity, ajustable rate mortgage
Mortgage Rates, Applications, Cash Out Refinancing All Up

Fixed mortgage rates increased for the fifth straight week according to Freddie Mac's Weekly Primary Mortgage Market Survey for the week ended April 27 and adjustable rate mortgages (ARMs) logged the sixth consecutive week of increases.

In a separate report Freddie Mac announced that cash-out financing of its owned loans recently hit the highest level since the third quarter of 1990.

Freddie Mac estimated that $170 billion in home equity will be converted to cash through refinancing during 2006.
...

Published Wed, May 05 2006 7:00 AM by Glenn Setzer

Filed under: mortgage rates, mortgage activity, 30 Year Fixed Rates, 15 Year Fixed Rates, 1 Year ARM, Freddie Mac, Cash Out Refinancing
Cash Out Refinancing Continued At Near Record Rates At Year End

While refinancing as a share of overall mortgage activity continues to decrease as rates rise, Americans who do refinance continue to liberate home equity to pay for home improvements, bill consolidation, consumer purchases and other discretionary spending.

Freddie Mac reported on February 8 that...
...

Published Fri, Feb 02 2006 8:00 AM by Glenn Setzer

Filed under: Cash Out Refinancing, home equity, home improvements, bill consolidation
Stripping Makes It To The Big Time

Home equity liquidation, a fancy name for refinancing every cent of value out of your home, is beginning to attract the attention of regulators and the public....

Published Sat, Jan 01 2005 8:00 AM by Glenn Setzer

Filed under: Equity Stripping, Collateral Stripping, Liquified Home Equity, Cash Out Refinancing
Freddie Mac Notes Increase in Cash Out Refinancing

Freddie Mac Notes Increase in Cash Out Refinancing...

Published Wed, Nov 11 2004 8:00 AM by Glenn Setzer

Filed under: Cash Out Refinancing

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