Homeowners’ equity in housing was at a record high of $20.4 trillion in the third quarter. The steady upward trend since 2012 was spurred by accelerating home-price growth and low mortgage rates, which have helped many households build equity in their homes.
Tag: MBA Home Equity Lending Study
MBA Chart of the Week: Processing Times for HELOCs, Home Equity Loans
This week’s MBA Chart of the Week drills down on the U.S. Bureau of Economic Analysis’ advance estimate of real gross domestic product for the second quarter, which was released July 30.
MBA: Home Equity Lending Growth Hindered by Alternative Products and COVID-19
Home equity loan debt outstanding and borrower utilization rates declined in 2019 and mortgage lenders anticipate originations to fall again this year before increasing modestly in 2021, the Mortgage Bankers Association reported.
MBA Chart of the Week: Homeowner Equity in Real Estate
In the third quarter, homeowners’ equity in real estate reached $18.7 trillion–continuing a run of consecutive quarterly increases dating back to 2012.