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Black Knight says the housing market correction has only just begun.
Allows borrowers to take cash out of their built-up equity and preserve their low first mortgage rate.
Black Knight's September 2022 Mortgage Monitor Report also found 3.6% of borrowers are either underwater or have less than 10% equity.
Nearly 50% of mortgaged residential properties in the nation are equity-rich.
Renters, including historically underserved groups, will benefit from paying on time each month.
If sales keep dropping and inventory keeps growing, we may reach a buyer's market by December.
