es growing at a slower rate, so many borrowers are turning to the cash stored within their homes.
“I don’t have that much cash on hand,” Mandy Whitworth, a resident of Dallas, told the Journal. “It allowed me to pull out equity from the home to reinvest in the repairs and addition.”
It follows a report this month that found home loan application volume fell to its lowest point since December 2014. [WSJ] David Jeans
Tags: freddie mac, interest rates, Mortgages, Residential Real Estate
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