1st community mortgage

refinance 1st community mortgage main

economist. “The large share of borrowers who took cash out when refinancing their 1st community mortgage combined with the strong overall refinance volume led to an extraction of home equity through prime first-lien refinances of $60.4 billion, almost equal to the revised estimate of $60.7 billion extracted in the second quarter. With the expectation that mortgage rates will rise further in the fourth quarter, 1st community mortgage volumes overall should slow but cash-out refis will continue to be in demand, and equity extraction through refinance should hit over $200 billion