Mortgage refinancing is hot, but using your home as an ATM is not
Mortgage rates have been sitting near record lows since the start of the coronavirus pandemic, and while millions of Americans have already refinanced their home loans this year, very few of them have taken cash out in the process.
Cash-out deals made up just 27{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} of all mortgage refinances in