- In Q1 2017, nearly half of all home refis were cash-out (highest since 2008).
- Cash-outs involve refinancing an existing mortgage at a lower rate but with a higher principal balance (cash left over).
- However, cash-outs (as % of all refis) are still well below their pre-crisis peak (90%) and above their post-crisis nadir (12%, Q2 2012).
Homeowners Are Again Pocketing Cash as They Refinance Properties
(05/27/2017)
