Market hitting peak for cash-out refinancing
Market hitting peak for cash-out refinancing
Guess what else is soaring alongside 40-year high inflation rates? Credit card debt.
Credit card balances increased $52 billion in Q4, 2021, according to the Federal Reserve Bank of New York. That’s the largest quarterly increase observed in 22 years of the data.
At 5.11%, this week’s average Freddie Mac 30-year fixed mortgage rate is nearly double its 2.65% all-time low 14 short months ago. As…
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