Americans Are Back To Using Their Home Prices As ATMs: Most Cash Pulled Out in 12 Years!

by Jason Burack of Wall St For Main St

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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