https://www.cnn.com/2023/08/16/homes...and/index.html
"Homeowners are tapping into their home equity to get cash."
I've always been a fan of cash-out refinances, BUT, doing it under the right circumstances and not falling for the temptation of falling further into debt.
Generally, it should make financial sense to borrow against your home equity to pay off other super high interest debts, thereby decreasing your monthly outgoing liabilities, BUT, don't pay them off only to use them again and rack up the debt that was paid off by the cash-out refi.