Homeowners Flock to Cash-Out Refis Thanks to Equity Boom
Homeowners are cashing in on years of home equity gains, even as mortgage rates remain elevated, and have taken out billions of dollars in loans in Massachusetts alone.
Greater Boston Mortgage Refinances Picked Up in December
Mortgage data provider Optimal Blue said mortgage refinancing saw a boost in December both nationwide and in Greater Boston as mortgage interest rates dropped from 20-year highs in the fall.
FoxRock Refinances Quincy Office Building for $27M
Quincy-based commercial real estate company FoxRock Properties recently refinanced a North Quincy office building for $27 million.
Mortgage Lenders Grapple with Interest Rate Jumps
While lenders might have started the year expecting some rate hikes, the size and speed of rising mortgage rates had significant effects on borrowers’ behaviors during the spring and summer mortgage markets.
