Your Dependable Mortgage

Lender

Refinancing Surges As Homeowners Pull

Out The Most Cash in 12 Years.

Refinance lending has nearly doubled over the past three quarters, according to Black Knight. Cash-out refinances were up 24% since the last quarter of 2018 and made up 52% of all refinances. Homeowners withdrew a collective $36 billion in home equity, the highest amount in nearly 12 years.

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Own Your Dream Property

Market News

 

3:53 PM ET

Investors stepping in to buy the dip in equities as the major indices pare losses. Mortgage Bonds at session lows. Treasuries up modestly. 10-yr yield inches higher to .67%. Be on guard.

 

1:10 PM ET

At midday, stocks plunge but Mortgage Bonds flat. Treasury prices inch higher, 10-yr yield .66%. Lock down fears hurt stocks.

 

 

11:04 AM ET

Fed's Kaplan says low rates will need to be here for

2.5 - 3 years.

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San Jose, CA 95112

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