General World News

Home equity is the bright gem of the housing market

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity.

Along with the solid base of home equity that now exists — a byproduct of the rapid home-price appreciation in recent years — there also has been an increase in demand by borrowers to tap that equity. A host of nonbanks and traditional depository lenders, such as banks and credit unions, as well as a growing number of fintech firms details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com