Spring 2011 Mortgage Trends
Handing over house keys
mortgage
5 housing trends in spring 2011

Cash-in refi gains prevalence
Next
6 of 7
Back
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.


 

 

advertisement

          Connect with us
advertisement
advertisement

Blog

Claes Bell

Mortgage rates in Los Angeles

See this week's average rates for the 30-year fixed-rate mortgage, 15-year fixed-rate mortgage, 5/1 ARM and 30-year jumbo mortgage in Los Angeles.  ... Read more

advertisement

Connect with us