Tag Archives: Home Equity Line of Credit

As limited supply and affordability barriers continue to hinder potential homebuyers, Bankrate surveyed how U.S. adults feel about the ever-changing housing market, revealing that nearly half of all Americans believe it's a bad time to buy, while many others believe they'll never be able to afford their dream home. Here’s what else the survey revealed.

According to the New York Fed, mortgage balances were largely unchanged from the previous quarter, partly due to declining mortgage originations and slowing home prices.

A new study from Point revealed nearly 90% of homeowners nationwide aged 50-80 want to remain in their homes, but many remain unprepared for the costs of necessary home improvements to do so.

For borrowers hoping to secure a home equity line of credit (HELOC) in 2018, sooner rather than later would be the best approach according to a new 2018 forecast by Bankrate. With the Fed recently increasing interest rates, Bankrate predicts ...

New data released on Tuesday has projected this year’s numbers for consumers opening new home equity lines of credit. Read on to find out what trends the data reports— and see what characteristics consumers who pursue HELOCs share.

According to the Federal Reserve’s Senior Loan Officer Opinion Survey, released Monday, 14.3 percent of bank respondents reported tightening their credit standards on prime residential mortgages “somewhat,” just slightly higher than the 12.9 percent that eased standards somewhat. The vast majority—72.9 percent—said standards “remained basically unchanged.”