Wednesday, July 30, 2008

The Home Equity ATM Machine Slows in First Half of 2008

Whatever else is going on in the housing market, it appears that Americans are no longer using their homes as gigantic credit cards to finance new cars, tuition, and vacations. Freddie Mac's report on cash-out refinancing for the first half of 2008 showed that the number of homeowners taking that option ...

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