Borrowers Are Tapping Their Homes for Cash, Even as Rates Rise
Wall Street Journal, Nov. 25, 2018–Ben Eisen, Christina Rexrode (subscription)
More than 80% of borrowers who refinanced in the third quarter chose the “cash out” option, withdrawing $14.6 billion in equity out of their homes, according to government-sponsored mortgage corporation Freddie Mac. That is the highest share of cash-out refis since 2007.
