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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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Market News


 

 

Fri, May 14 - 10:28 AM ET

Preliminary May Consumer Sentiment falls to 82.8 from the final April reading of 88.3.

 

 

 

11:06 AM ET

The New York Fed reports that inflation expectations increase in the short-term, remain stable in the medium-term.

 

 

 

9:37 AM ET

As expected, stocks open higher with the Dow, S&P and NASDAQ all in positive territory.

 

 

8:35 AM ET

April Retail Sales unchanged vs a gain of 1.8%, x-autos down 0.8% vs a rise of 1.2% expected. Stocks futures give up some of their modest gains. No impact on Mortgage Bonds and yields.

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