Refinancing can be a valuable way for homeowners to borrow home equity, but it should be avoided in 2026. Here's why.

Cash-out refinances reached a 3-year high in Q2 2024. Average homeowner pulled $94K, adding $590 to monthly payment. U.S. homeowner equity hit record $17.8 trillion in Q2. About 564K borrowers now owe ...

Cash-out refinancing hits near 3-year high in Q2 Total tappable U.S. home equity reaches $11.6 trillion Some markets see equity drop as prices cool in Sunbelt, West Homeowners are cashing in on years ...

Yes, you can refinance both home equity loans (HELoans) and home equity lines of credit (HELOCs) — and if you borrowed during the 2023 rate spike, now might be the time to look into it. Home equity ...

Home equity borrowing rates have been slowly falling over the last few months, dropping to an average of just under 8%, helping to ease the cost of tapping into your home's equity. That has made home ...

How does a home equity loan work? First, it’s important to understand that the term home equity loan is simply a catchall for the different ways the equity in your home can be used to access cash. The ...

Homeowners are cashing in on years of home equity gains, even as mortgage rates remain elevated. The trend sent cash-out home refinancing activity to a nearly three-year high in the April-June quarter ...

Read full article: Texas Education Agency launches new hotline to help students experiencing homelessness Sky 2 above reported drowning in White Oak Bayou, HPD investigating. Homeowners are cashing in ...