Home Equity Loans Are Growing at Fatest Pace Since 2011
In the USA Today newspaper (May 27, 2014) home equity loans and house prices are rising. Credit lines originated by lenders increased by 20% in the last year, to 92.5 billion. This is the fastest growing pace since 2011. The increase is due to the average home prices that were in February 23% more than 12 months before, for the 20 largest cities in the US.