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Admittedly, the raw numbers are difficult to find in an article I can link. However, there has been a significantly higher volume of cash out refis than we've s
by MSM 4y ago
Admittedly, the raw numbers are difficult to find in an article I can link. However, there has been a significantly higher volume of cash out refis than we've seen in the last 15ish years.
https://www.housingwire.com/articles/cash-out-refis-reach-1-2t-in-2021-highest-level-since-2005/ https://www.housingwire.com/articles/cash-out-refis-reach-1-...
Cash out refis accounted for ~25% of all refinances in 2021 (roughly similar numbers in 2020). Remember at the start of the pandemic many people tapped their equity because of uncertainty and extremely low rates.