Cash-Out Refinancings Hit Highest Level Since Financial Crisis

Wall Street Journal, Mar. 11, 2021–Orla McCaffrey (subscription)
U.S. homeowners cashed out $152.7 billion in home equity last year, a 42% increase from 2019 and the most since 2007, according to mortgage-finance giant Freddie Mac . It was a blockbuster year for mortgage originations in general as well: Lenders churned out more mortgages than ever in 2020, fueled by about $2.8 trillion in refis, according to mortgage-data firm Black Knight Inc.
https://www.wsj.com/articles/cash-out-refinancings-hit-highest-level-since-financial-crisis-11615458602