Mortgage Volume Tumbles HELOC volume takes a tumble | Equity Solutions – After soaring to a near 10-year high, HELOC originations took an unexpected tumble in the third quarter, falling 14% from the previous quarter and 11% from the year before. But one expert says volume should trend upward in 2019, as rising rates make HELOCs an attractive option for tapping home equity.
1 This rate offer is effective 5/15/2019 and subject to change. Rates based on creditworthiness, so your rate may differ. All loans subject to credit approval. Rates quoted require a loan origination fee of 1.00%, which may be waived for a 0.25% increase in interest rate.
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If the pace of improvement does not pick up, it will take a very long time to get back to ‘normal’ delinquency rates." According to Martin. Still, Citigroup recently indicated that it won’t release.
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