As Prices Rise, Home Owners Tap Into Equity
Buying a HomeAs home prices are edging up, home equity lines of credit are on the rise again, CNBC reports. Originations of home equity lines of credit jumped 19 percent at the end of last year, according to Equifax. JPMorgan Chase says it’s seen a 31 percent increase year-over-year in HELOCs its originated. “Home prices are definitely a factor” in the recent rise home equity lines of credit, says Brad Blackwell, an executive with Wells Fargo Home Mortgage. “As they increase, people […]
