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Real Estate


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August 14, 2025

Homeowners turn to cash-out refinancing to take advantage of big gains in home equity

  • Rising home values have made equity tempting, with total homeowner equity reaching $17.8 trillion.
    • By ALEX VEIGA
    AP Business Writer

    iStock image
    In a cash-out refinance, homeowners borrow more than they owe and pocket the difference, often for debt consolidation or home improvements.

    Homeowners are cashing in on years of home equity gains, even as mortgage rates remain elevated.


     
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