Cash-In Refi Is The New Cash-Out Refi

Below are four current home U.S. price reports, beginning with today’s CoreLogic report. All show lower prices. This coincides with 2011 rate lows, which usually means borrowers can refinance—but not without home equity needed to qualify. Cash-out refinances were the definitive product of a boom era that went bust in mid-2006. Now it’s all about