Sunday, 24 October 2021 | The Latest Buzz for the Appraisal Industry

Cash-Out Refinance Volume Continued to Rise in August

Overall rate locks were up 1.3% in August compared with July, driven by a 7.6% increase in cash-out refinance activity, according to Black Knight’s Originations Market Monitor.

The increase put cash-out refinance lending up more than 41% during the last three months. 

What’s more, cash-out refinancing was up 30% compared with August 2020.

The increase in cash-out activity was enough to push the overall refinance share of the market mix back above 50% for

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