Homeowners tap equity as HELOC balances post biggest jump since 2005: New York Fed report
Summary
Home equity line of credit balances experienced their largest increase since 2005, according to a recent report. This growth represents the eighteenth straight quarterly rise in HELOC balances, based on data released by the Federal Reserve Bank of New York.
The rise in balances on HELOCs marks the 18th consecutive quarterly increase, according to a new report from the Federal Reserve Bank of New York.
Source: Read the full story at US Top News and Analysis
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