Mar
31

HELOC Help

For the week ending 3/18/20, home equity loans outstanding rose $2.3 billion to $317.2 billion. Outside of an increase during the last government closure, this was the first increase in home equity loans since the week ending 2/1/12, when they rose $4.7 billion to $553 billion. This is identical to the many firms preemptively drawing down their credit lines to boost their cash positions and protect against a liquidity crunch.

Share This Post
Facebook Twitter Email

Speak Your Mind

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.