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Home equity lending opportunities remain despite decline in tappable equity

Recent home price declines are leading to decreased tappable equity, but there are still opportunities in home equity lending, according to a report published by Home Equity Lending News

While 30-year fixed rates on first mortgages are far from the 4% range – which many existing first mortgages were refinanced to during the pandemic – the number of transactions where a second mortgage makes more sense than a first mortgage diminishes each time first-mortgage rates decline another 100 bps, according to the second mortgage market insights Q2 2023 report.

“Tappable details ⇒

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