As house prices rise and more homeowners possess equity again, some are withdrawing this money at low rates and spending it, stimulating the economy.
During the housing mania, people bought homes because house prices rose rapidly, and lenders gave equity to homeowners at 100%+ of the value set...
HELOC abuse rising along with house prices
Monday, February 8, 2016
OCHN: HELOC abuse rising along with house prices
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