| and lines of credit, rose best home loan mortgage rate refinance 6.75 percent,” said Frank Nothaft, Freddie Mac vice president and chief economist. “The sharp rise in the cost of home equity lines of credit and the expectation that mortgage interest rates will go higher over the next year induced homeowners to look towards the refinancing option to extract home equity for home improvements or other investment purposes now.” “We are forecasting that home equity extraction best home loan mortgage rate refinance the refinancing of prime first mortgage liens will result in an extraction of $204 billion in 2005, up from the $142 billion converted to cash in 2004,” noted Nothaft. Freddie Mac expects home sales to hit a new best home loan mortgage rate refinance again |
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