American homeowners are doing something surprising: Despite record amounts of home equity available to them — an estimated $1.5 trillion worth — they are tapping into it less via home-equity credit lines (HELOCs) and cash-out refinancings. The big question is why. Are people simply getting more frugal? Or are other forces at work? Economists who specialize in housing aren’t totally sure, but everyone agrees: Homeowner behavior has changed from previous years. Cash-out refinancings use the […]
source https://therealdeal.com/miami/2019/04/19/more-americans-are-choosing-not-to-tap-into-their-home-equity/#new_tab
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