The HELOC is back and providing homeowners with another way to utilize the equity in their home to pay off high interest debts or use like a credit card.
It is a clear sign that the housing market is finally at a steady point in recovery when home construction permits increase. But what does the Fed think?
In America, the housing market has been showing great signs of recovery, however in Canada the housing market is one of the most overvalued in the world.
Looking forward toward 2014, if you are deciding to purchase a home you may want to see what important trends to watch. Home prices are expected to rise.
If you have been watching the housing market recovery you know that it has lulled a bit. This could be heavily in part due to the job market recovery.
With the housing market recovering enough for many people to build up some equity in their homes, many homeowners would like to use their equity now.
With the housing market in America showing clear signs of recovery is the mortgage crisis finally over? We will see as loan delinquencies continue to fall.
More news from the Federal Reserve as Janet Yellen is set to replace Bernanke. Could this cause a change in mortgage rates? Its not likely until January when Bernanke's term ends.