As interest rates climb and salary growth stalls, borrowers are taking cash out against their homes in volumes not seen in over a decade. Close to $14.6 billion was withdrawn from home equity across the country during the third quarter, as more than 80 percent of borrowers chose to take out cash against their homes, according to The Wall Street Journal. However, these figures are still well below rates seen before the financial crisis, when […]
source https://therealdeal.com/2018/11/26/interest-rates-are-climbing-but-borrowers-are-tapping-home-equity-in-droves/
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