REAL Trends Updates

Refinancers lower mortgage principal

In the fourth quarter of 2009, 33% of borrowers who refinanced their loan lowered their principal balance according to Freddie Mac's quarterly Refinance Report. This is the highest cash-in share since Freddie Mac began tracking the characteristics of refinance transactions in 1985. The next highest share of cash-in refinancing occurred in the fourth quarter of 1993 when 23 percent of borrowers...  This content only available to REAL Trends Members. Please log in below.