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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
Latest ICE Report indicates new peak in tappable equity
Nearly 50% of mortgaged residential properties in the U.S. were considered equity-rich during Q2 2024.
Total originations of open-ended HELOCs and closed-end home equity loans increased in 2023 by 1.5% compared to 2022.
The lender is now waiving the $795 origination fee on Home Equity Loans from July 15 to August 18.
