Home equity is at historic highs. If you've faithfully paid your mortgage over the years, you've likely built up quite a bit of it yourself. According to the Federal Reserve, American homeowners are ...

Rising home values have translated into large equity gains over the past few years. As of 2024, homeowners hold an average of $315,000 in equity. A cash-out refinance allows you to tap into your home ...

(NewsNation) — The recent decline in mortgage rates has more Americans looking to refinance, and the Federal Reserve’s expected rate cuts could make refinancing even more attractive heading into 2025.

While a cash-out refinance has many benefits, it’s important to consider both the pros and cons of this financial product before applying for one. A cash-out refinance lets you tap into the equity you ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. In early August, refinance applications were ...