Homeowners are tapping their equity: Cash-out refinances are up 33% since last November - NewsBreak
By Bryan in Business
Updated 2 years ago
Oh, what a time to refi. Harnessing the twin trends of low interest rates and high property values, homeowners continue to tap their equity through cash-out refinances. Despite a drop in refinancing activity overall compared to this time last year, the number of cash-out refinances has increased by 33%, according to...