SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: russwinter who wrote (21399)11/5/2004 6:52:37 PM
From: ild  Read Replies (1) of 110194
 
Percentage is pretty much meaningless. If you look at the table in the link there are numbers as high as 80%.
freddiemac.com
In Q1 and Q2 of 2000 80% of refis were cashouts AND with the higher rates than the original loans. The fact is that in 2000 refi market was completely dead and only ones who wanted to put their money into NAZ were doing refis with cashouts. As I remember we has an inverted interest rate curve, so doing HELOCs would be even more expensive. Today everyone has a low rate HELOC, so they just write a check (for a downpayment for a third home).
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News