Home Equity Loans Surge as Rates Fall to Lowest Since ’08
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The 1960 Ray Charles lyric -- “Them that’s got are them that gets” -- rings true today in the U.S. mortgage market.
Lenders increased their origination of home equity lines of credit, or Helocs, by 21 percent in the 12 months ending in June, data firm RealtyTrac Inc. said today. The 797,865 Helocs given in the period represent the highest level since 2009.