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  • In the 3rd Quarter of 2016 Cash-Out Refis Reached 42% of All Refis, Up from a Low of 12% in 2012*

    The Above Statement, However, By Itself, May Be Misleading.

    Why?

    • More recently, interest rates have been above the lows reached last year.
    • Refis tend to drop off when interest rates rise.
    • Sale activity usually increases, initially, when interest rates begin to rise.
    • It appears sale financing activity may be stronger than refis for brokers in 2017.