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Loan Modification

: The Truth About Mortgage.com

Cash Out Refis Hit Five Year Low

By scot184

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No, you may not have cash with that… Only 42 percent of refinances carried out during the first quarter resulted in cash out, according to the latest “Cash-Out Refinance Report” from Freddie Mac. That?s the lowest amount since the first quarter of 2004, well below the 55 percent seen in the fourth quarter of 2008, and nowhere [...]

Full post as published by The Truth About Mortgage.com on April 30, 2009 (boomark / email).

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