A recent report from CoreLogic says while HELOC activity hit a 15-year high in 2022 (the highest level since mid-2007), the numbers declined during the first half of 2023. Interestingly, they say that the HELOC market is keeping pace with its pre-pandemic level.
“…the HELOC landscape has changed dramatically so far in 2023, as the elevated interest rates of the past six months discourage homeowners from pursuing such loans.”
Click here to read the full report at CoreLogic.
