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Homeowners Tapping Equity In Cash-Out Refis, Highest Level Since '08

By: capt_nemo in POPE IV | Recommend this post (2)
Mon, 02 Apr 18 7:07 AM | 75 view(s)
Boardmark this board | POPES NEW and Improved Real Board

Msg. 46351 of 47202
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As we detailed on Tuesday, the mortgage refis have cratered to levels not seen since December '08 amid a spike in interest (and mortgage) rates. Simply put, the population of borrowers who both qualify for a refi and want one given the higher rates has collapsed.

http://www.zerohedge.com/news/2018-04-01/homeowners-tapping-equity-cash-out-refis-highest-level-08?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.

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