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Home equity borrowing on the rise: What homeowners should know
Bankrate via Yahoo Finance· 7 months agoIf you’ve been looking for info on home equity loans, you’re not alone. Online searches for “HELOC”...
Golden handcuffs: Low fixed-rate mortgages have US homeowners trapped as they wait for a better time...
Moneywise via Yahoo Finance· 11 months agoWith the average 30-year fixed mortgage rate hovering dangerously close to 7% these days, the U.S....
Massive home-price appreciation might be the secret to keeping consumers afloat as savings dry up
Business Insider via Yahoo Finance· 10 months agozimmytws / Getty Images Homeowners' equity is the highest it's been in 25 years, which could provide...
What is the draw period on a HELOC and how does it work?
Bankrate via Yahoo Finance· 2 months agoKey takeaways The draw period is the initial phase of a home equity line of credit (HELOC), during...
Take these 12 steps as the Federal Reserve keeps interest rates high
Bankrate via AOL· 3 months agoKey takeaways Even though the Federal Reserve hasn’t touched interest rates since July, consumers...
How does a fixed-rate HELOC work?
Bankrate via AOL· 4 months agoKey takeaways The interest rate on fixed-rate HELOCs stays the same throughout the draw period. In some cases, you can switch between a fixed-rate and a...
Building generational wealth with home equity in 2024
Bankrate via AOL· 6 months agoKey takeaways Buying and owning a home can be a key way to build generational wealth. Home equity...
Housing market fact or fiction: 49% believe now is a bad time to buy — but is it really?
Bankrate via Yahoo Finance· 7 months agoCOVID first rocked the world back in 2020, but the housing market continues to feel the effects....
HELOCs replace cash-out refinancing for equity-rich homeowners
Bankrate via Yahoo Finance· 7 months agoJennifer_Sharp/Getty Images American homeowners are flush with equity, but soaring mortgage rates...
The Fed Is Pausing Interest Rate Hikes Yet Again. Here's What That Means for You
Motley Fool· 7 months agoImage source: Getty Images The Federal Reserve has been intent on cooling inflation. The central...