![Should We Fear the Surge in Cash-Out Refinances? | Simplifying The Market](https://files.simplifyingthemarket.com/wp-content/uploads/2021/03/22164800/20210323-KCM-Share-549x300.jpg)
Freddie Mac recently released their Quarterly Refinance Statistics report which covers refinances through 2020. The report explains that the dollar amount of cash-out refinances was greater in 2020 than in recent years. A cash-out refinance, as defined by Investopia, is: “a mortgage refinancing option in which an old mortgage is replaced for a new one […]