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Growing Equity not Fueling HELOC Boom... Yet

Tuesday, September 8, 2015

Nationwide home equity has increased by nearly $1 trillion in the 12 months ended in May.  Equity is now at the highest level since 2007. In this month's Mortgage Monitor Black Knight Financial Services look at topics related to that growing equity; where it is, what homeowners might do with it, and the continuing repercussions from what they have done about it in the past. 

Black Knight Data & Analytics Senior Vice President Ben Graboske said, "We've seen total home equity in the mortgage market expand by $825 billion in just the first five months of this year. At $7.6 trillion, total net equity is nearly 2.5 times more than it was at the end of 2011, and is at the highest level it's been since the start of the housing crisis.

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