Spring 2011 Mortgage Trends
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5 housing trends in spring 2011

Cash-in refi gains prevalence
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Cash-in refi gains prevalence

Cash-in refinances were on the rise in the fourth quarter of 2010. According to Freddie Mac, 46 percent of homeowners who refinanced their first mortgage during that time brought money to the table to reduce their principal balances -- the highest percentage since Freddie Mac began tracking refis.

There are three main reasons to do a cash-in refi: to avoid private mortgage insurance, to qualify for a conforming loan and to lower interest on savings.

The story "Should you get a cash-in refinance?" has more information.


 

 

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