Items Tagged with 'refinances'

ARTICLES

  • More borrowers are raising their mortgage rate to cash out equity

    Cash-outs comprise greatest share of refinances since 2006 peak
    For several months now, cash-out refinances have been eating up a greater share of overall refi volume, and it appears the trend isn't about to slow down anytime soon. The latest report from Black Knight reveals that 82% of refinances originated in Q4 2018 were cash-outs, and that in two-thirds of these transactions, the borrower raised their mortgage rate in order to access their equity in cash.
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  • Mortgage lender optimism grows as borrower demand heightens

    Although lender outlook fell 8% in Q1, it's a significant improvement from the previous quarter
    In the first quarter of 2019, Fannie Mae's Mortgage Lender Sentiment Survey revealed the net profit margin outlook for mortgage lenders retreated 8% from the previous quarter. Fannie Mae Senior Vice President and Chief Economist Doug Duncan said lenders appear less pessimistic regarding mortgage demand expectations; thus their profit margin outlook over the next three months is also slightly improved.
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