Personally, I knew it was only a matter of time...I'll spare everyone interactions of people I know.
Record levels of revolving debt, auto, mortgage and student loan debt...
The run-up to the 2008 levels of craziness have reached similar sizzling peaks...
As of the fourth quarter of last year, the share of all refinances that were cash-outs rose to the highest since 2008, according to Freddie Mac data. Rates have churned higher since the presidential election in late 2016, though they spent much of 2017 reversing the immediate post-election surge.
Many articles have already come out showing this, as this is only one example.
Has the community noticed this in their daily interactions? Cash out refis for boats and new cars?
Thoughts and feedback?
Much appreciated, as I respect the opinions of this sub highly and feel responses would be an accurate gauge all around.
NOTE: OP is not necessarily in context of reverse mortgages, though certainly discussion worthy. Often, these are out of necessity and not the focus of the intended discussion.
Thanks
Submitted April 15, 2018 at 11:20PM by jetlifejason https://ift.tt/2H25hWl
