Oct 18, 2024
Home Equity Surge: Opportunities for Homeowners in a High Interest Rate Environment
Home Equity Surge: An Opportunity for Homeowners American homeowners have seen a remarkable increase in their home equity, accumulating hundreds of thousands of dollars that they are increasingly leveraging, even amidst the backdrop of high interest rates. Home equity, which is calculated as the difference between the current market value of a home and the outstanding balance on the mortgage, has…