Tag Archives: boom

HELOC boom intensifies as refinances tank

New data has revealed the extent HELOCs have grown this year as the popularity of refinances plunges in the current high interest-rate environment. According to mortgage-industry data provider Attom, home equity line of credit volumes increased 6% in the first quarter this year versus the final three months of 2021, and 27.6% year-over-year to total […]

Brief drop in mortgage rates sparks mini refinance boom

A single family home is shown for sale in Encinitas, California. Mike Blake | Reuters After rising steadily for months, mortgage rates made a U-turn last week, and borrowers jumped to take advantage. The crisis in Ukraine rattled financial markets and caused a run on the relatively safer bond market. Yields fell and mortgage rates […]