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Home Equity Still Fueling Refinancing February 19, 2007

Posted by Jay Medina in News and Information.

Americans are continuing to treat their homes as cash cows according to a report released this week by Freddie Mac.

Frank Nothaft, Freddie Mac vice president and chief economists said, “The share of mortgages that were for refinance rose in the fourth quarter as 30-year fixed mortgage rates came down to where they started the year. Falling mortgage rates…”

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