“The relatively higher interest rate environment has depressed mortgage refinancing in particular. Interestingly, cash-out refinance hasn’t been as impacted as rate and term refinance,” according to Joe Mellman, SVP and Mortgage Business Leader at TransUnion.
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5.8 Million Opened First-Ever Lines of Credit in 2021
New-to-credit consumers on the rise, with credit cards being the most common option.
Read More »Can Home Equity Solve Rising Debt for Consumers?
A third of Americans are losing their sleep over rising debt, but don’t know how to solve the problem, according to a survey. Here’s one way they can optimize their finances.
Read More »U.S. Household Debt Approaches New High
Household debt is approaching its 2008 peak and is set to surpass it by the end of the month, according to a study. How are mortgages impacting the total debt of consumers? Click through to learn more.
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