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Pastimes : The Big Picture - Economics and Investing
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To: John Dally who wrote (624)7/8/1999 2:09:00 PM
From: yard_man  Read Replies (1) of 686
 
>>Bank One
derived that number using data from a recent study by mortgage lender
Freddie Mac, which found that 51% of borrowers who refinanced in 1998
pulled out an average of 11% of their homes' equity.
<<

Economy's great and Clinton's doing a good job. Future looks very bright. -s-

Wonder what the average equity is for those who have home loans right now and how that compares historically. Put that together with recent prices, and consider where prices may be in the next 5 years ...
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