U.S. mortgage interest rates jump to 6.52%, highest since mid-2008

Re:U.S. mortgage interest rates jump to 6.52%, highest since... by Sohcahtoa82 on Wednesday September 28, 2022 @01:45PM (#33010865)

You're confusing terms.

That's a home equity loan, not a cash-out refinance.

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Re:U.S. mortgage interest rates jump to 6.52%, highest since... by endisneigh on Wednesday September 28, 2022 @01:53PM (#33010959)

I'm not. You can do something similar with a home equity loan, but you can also do a cash-out refinance. The main distinction is that a refinance, like a mortgage on a home you don't own out-right has a better rate than a home equity loan or HELOC

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