You Bought at Peak and the Market Has Cratered. What's a Homeowner to Do?

You bought at peak and the market has cratered. What's a homeowner to do?

Many homeowners who bought at the housing market's pandemic peak have seen chunks of their equity wiped out.

Mortgage originations reach highest level since 2022

Mortgage originations hit their highest quarterly level since 2022, with both purchase and cash-out refinance activity approaching three-year highs, according to ICE Mortgage Technology’s Mortgage Monitor report for August. The report, released Monday, also revealed that total and tappable home equity reached record levels. “Homeowners are actively drawing on record equity with cash-out refinance loans, signaling increased demand despite elevate…