Are Cash Out interest rates higher than regular interest rates?

Yes, they are and the reason for this is that they are perceived as higher risk loans and the way lending works is the higher the risk, the higher the rate(s).

Purchase loans always have the best rates are you are bringing money to closing. No Cash Out Refinance loans have the 2nd best rates as you are not bringing or receiving money at closing and in 3rd place are Cash Out Refinances are you are receiving money at closing.

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