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.
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