Posts tagged Home Equity Line of Credit Rates
Positive Equity Isn't Always a Positive Thing

“Average homeowner gained $16,000 in home equity in 1 year.” That’s not a clickbait headline, it’s from Housing Wire, a publication of note for the mortgage industry.

If you’ve read many of these columns, you know that I’m a veteran of the real estate crash. Or, maybe I contributed to it… it all kind of depends on your point of view, I guess. Anyway, as I read further into this article, I learned that negative equity (also known as being “underwater”) fell another 9%, leaving only 4.3% of mortgaged homes underwater nationally.

Obviously, this is incredible news for people who own houses already, not such great news for people looking to buy a house right now…

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Weekly Column #1: Predicting Changes to Interest Rates

Trying to predict what the real estate market is going to do is a bit like trying to nail a runny egg to a tree. Nevertheless, buyers are often asking real estate experts questions like “is it a good time to buy a house?” These market-related questions have as many answers as they have askers -- the industry as a whole is a slippery beast.

With this new and exciting column from Home.Loans, we’re going to tackle those animals, as well as help you understand the information that experts rely on to forecast trends. Let’s go!

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