Thursday, April 18, 2024 | The Latest Buzz for the Appraisal Industry

First Mortgage Debt on the Rise, but HELOC Balances Subside

By Xhevrije West

New debt created by first-time homebuyers transitioning into homeownership and existing homeowners that are upgrading to larger homes growing a rapid pace, meanwhile, home equity loan balances have cooled off thanks to borrowers paying off debts.

The post First Mortgage Debt on the Rise, but HELOC Balances Subside appeared first on theMReport.com.

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