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National Reverse Mortgage Lenders Association and RiskSpan release quarterly report
Substantial home equity has boosted consumer financial health, but risks remain in non-mortgage consumer lending
The sum would cover 10% of the down payment in 17 of the largest US metros, Realtor.com reports.
The average borrower has gained $129,000 in equity since the start of 2020, per CoreLogic
Renting was cheaper in 48 of the top-50 markets in Q2 2024, but only 29 states when accounting for home equity gains
A growing share of borrowers are over-leveraged as piggyback mortgages rise in popularity and necessity
