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Besides Equity News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Average HELOC Balances up 2 7% in 2023

Experian analyzed U.S. consumer credit data to find recent trends in the home financing market. Here are the HELOC trends to look for in 2024.

United statesNew jerseyDistrict of columbiaWest virginiaNorth dakotaSouth carolinaNew mexicoNew hampshireSouth dakotaRhode islandNew yorkNorth carolinaSusan allenFederal reserveFair isaac corporationYou ll need

With property values strong in 2023, many homeowners tapped home equity lines of credit, pushing total HELOC balances up 6 6%

Experian looked at recent trends in the HELOC and home financing market in 2023.

United statesSouth dakotaNew jerseySouth carolinaWest virginiaNew yorkFederal reserveYou ll needBesides equityDifferences seenSilent generationBalances varyAlmost ready

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