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New HELOC report shows equity loans up 21 percent
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Industry News, Market Data
Thursday, October 9, 2014
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RealtyTrac, a source for comprehensive housing data, released its first Home Equity Line of Credit Trends Report.
RealtyTrac Vice President Daren Blomquist told The Title Report, “The primary impetus for this report was availability of the data. Previously we have not had access to mortgage data, but we recently acquired record-level mortgage data nationwide, and so wanted to bring more awareness in the marketplace of trends in that data. We started with HELOCs in part because those are an interesting part of the marketplace right now as homeowners regain equity and return to this loan product that largely was in hibernation over the past two years.”
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