特朗普政府欲救房地产市场稳中期选举，美国房主却只想套现还债？

Core Viewpoint - The article discusses the urgent measures being considered by the Trump administration to address the housing affordability crisis in the U.S., highlighting the increasing trend of homeowners opting for cash-out refinancing to pay off debts amid high inflation and personal debt levels [3][4][5]. Group 1: Housing Affordability Crisis - U.S. Treasury Secretary Becerra indicated that the Trump administration is contemplating declaring a national housing emergency this fall to tackle rising home prices and reduced supply [4]. - The government is exploring ways to simplify permits and encourage standardized local building and zoning regulations to boost housing supply and lower costs [4]. - The current housing market challenges have led to financial polarization, increasing rental costs and higher mortgage rates for potential homebuyers [4]. Group 2: Cash-Out Refinancing Trends - The proportion of cash-out refinancing transactions has risen to 59% of all refinancing in Q2, as homeowners seek to extract cash from their properties to pay off debts [7][8]. - A significant percentage (44% to 67%) of refinancing borrowers reported using the cash for debt repayment, reflecting the high levels of consumer debt, which reached a record $5.44 trillion by the end of June [7]. - Many homeowners are facing negative cash flow situations, prompting them to leverage their home equity despite the potential for higher mortgage rates [7][8]. Group 3: Financial Implications - Approximately 70% of recent cash-out refinancing borrowers are accepting higher mortgage rates, averaging an increase of 1.45 percentage points for $94,000 in cash [8]. - The decision to refinance is influenced by the higher rates of other loans, such as credit cards averaging 21% and personal loans at 12%, making cash-out refinancing a more appealing option despite the costs [8]. - Homeowners are prioritizing debt repayment over maintaining lower mortgage rates, as evidenced by a case where a homeowner refinanced to pay off $155,000 in consumer debt, resulting in a lower overall monthly payment despite losing a lower mortgage rate [8].