Cash-out refinancing hits near 3-year high in Q2 Total tappable U.S. home equity reaches $11.6 trillion Some markets see equity drop as prices cool in Sunbelt, West Homeowners are cashing in on years ...

Cash-out refinances reached a 3-year high in Q2 2024. Average homeowner pulled $94K, adding $590 to monthly payment. U.S. homeowner equity hit record $17.8 trillion in Q2. About 564K borrowers now owe ...

You won’t owe taxes on the cash you receive from a cash-out refinance. If you use the cash to fund capital improvements on your home, the interest may be tax-deductible. Any mortgage interest you ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. But these products don't work the same way, even if the money comes from ...

After years of elevated borrowing costs, homeowners finally began to see some relief in late 2025. The Federal Reserve's December rate cut, the third of the year, capped off a series of moves that ...

Accessing the equity in your home can help you move forward on your financial goals, whether you’re planning major renovations, consolidating high-interest debt, or building long-term stability.

Homeowners are cashing in on years of home equity gains, even as mortgage rates remain elevated. The trend sent cash-out home refinancing activity to a nearly three-year high in the April-June quarter ...