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HELOC demand rises despite housing market slumps

by admin@thebestquotes

The demand for home-equity lines of credit (HELOCs) has increased even as the housing market slumps, which could the country’s financial system to vulnerabilities, said rating company DBRS. HELOCs reached $243 billion as of Oct. 31, representing 11.3% of total household credit, the highest share since mid-2015, DBRS said […]

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