11 Oct 2014

Home equity loans surge in U.S. to 5-year high

The 1960 Ray Charles lyric — “Them that’s got are them that gets” — rings true today in the U.S. mortgage market.

Lenders increased their origination of home equity lines of credit, or Helocs, by 21 percent in the 12 months ending in June, the data firm RealtyTrac said Thursday.

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