Seeking Alpha

Home borrowers continue to"cash in" rather than "cash out" when refinancing, according to...

Home borrowers continue to"cash in" rather than "cash out" when refinancing, according to Freddie Mac, which says just $8B was pulled of equity in Q4 (the prints back in the day used to near $100B). 84% of homeowners either maintained the same loan balance or brought money to the closing table, roughly the same as a year earlier.
Comments (2)
  • D_Virginia
    , contributor
    Comments (2277) | Send Message
     
    Good. Let's shoot for 90% next time. :-)
    4 Feb 2013, 03:50 PM Reply Like
  • Buddy Canuspare
    , contributor
    Comments (400) | Send Message
     
    But how can this be, if the average American is too broke to pay attention? Now who's lying to me?
    4 Feb 2013, 08:31 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs