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Home Equity Study Finds Robust Capital Markets, Higher HELOC Volume
Home Equity Lending News, Aug. 19, 2024
After three consecutive quarters of slowing, the origination of home-equity lines of credit turned higher — though lending levels pale compared to available equity.
Rocket Mortgage LLC’s home equity production doubled, and Better Mortgage Corp.’s business was up by three quarters. Both the cost and time to originate home-equity products has improved. Home improvement lending has plunged since the pandemic and has yet to recover.
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