Cash-out refinancing hits near 3-year high in Q2 Total tappable U.S. home equity reaches $11.6 trillion Some markets see equity drop as prices cool in Sunbelt, West Homeowners are cashing in on years ...

The interest rate climate has already begun to shift ahead of the Federal Reserve's expected rate cuts this month. Just this week, mortgage rates dropped substantially, falling to an average of 6.35%, ...

And as rates decline, refinancing activity rises: Refinance applications rose 111% compared to the same week last year, according to the latest Mortgage Bankers Association’s weekly application survey ...

The rate on a 30-year fixed refinance rose to 6.43% today, according to the Mortgage Research Center. The 15-year, fixed-rate ...

Mortgage Research Center. For 15-year fixed refinance mortgages, the average rate is 5.42%, and for 20-year mortgages, the ...

For most people, the prime reason to refinance a mortgage is to lower their interest rate and monthly payments. So, when mortgage rates dipped to record low levels early in the coronavirus pandemic, ...

Homeowners are cashing in on years of home equity gains, even as mortgage rates remain elevated. The trend sent cash-out home refinancing activity to a nearly three-year high in the April-June quarter ...