Could Home Equity Lines of Credit Come Back in 2022?

Marketplace (NPR), Dec. 6, 2021–Amy Scott
As of midyear, American homeowners had amassed $23.6 trillion in equity, according to the Federal Reserve. That’s the estimated value of their homes minus how much they owe on their mortgages. “It’s astounding,” said Mike Fratantoni, Chief Economist with the Mortgage Bankers Association. “That’s up $3 trillion, just in the last year.”