---
title: Cash-out climbs to 50% of refinance volume
description: Homeowners equity increased by $766 billion over the last year.  Just last month (June) 50% of refinance transactions were cash-out
---

[MonitorBase: Mortgage Market Insights ](https://blog.monitorbase.com)

# [Cash-out climbs to 50% of refinance volume](https://blog.monitorbase.com/cash-out-hits-record-share-of-refinance-volume)

 Written by [Louis Zitting](https://blog.monitorbase.com/author/louis-zitting) | Jul 25, 2017 6:00:00 AM

According to a Q1 2017 equity report by [Corelogic](http://www.corelogic.com/downloadable-docs/equity-report-q1-2017-20170608.pdf), "Homeowners equity increased by $766 billion over the last year." Just last month (June) 50% of refinance transactions were cash-out!! Whether it's for a debt consolidation or home improvement, cash-out transaction are hot and steamy this summer!

The uptick in rates at the beginning of the year really put the brakes on rate and term refinances. Cash-out refinances, on the other hand, aren't as rate sensitive and it shows in the numbers. The volume of cash-out transactions only took a small dip since December when rates took a hit. First mortgage rates are still low, so taking cash-out to pay off a high interest credit card, auto loan, home equity line, or solar financing is starting to make a lot of sense to home owners.

If you are wondering how to keep your foot on the gas through fall and winter, you may want to consider executing some cash-out refinance [mortgage lead generation](https://ww3.monitorbase.com/mortgage-lead-generation) efforts. You might as well, your clients are doing cash-out refinances in a big way with or without you. They are your clients, you should keep them.

**How do I identify cash-out refinances in my market?**

Ohhh, pick me, pick me, I know! There is a lot to it, but I'll give you a hint: You need to identify home owners with equity, decent credit, and an intent signal or need. Then you just need to target them with a great marketing message at the right time. If you have that all in place, great! If you need help, give us a ring!

[View full post](https://blog.monitorbase.com/cash-out-hits-record-share-of-refinance-volume)

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