Home Equity Jumps to $726 Billion

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Home Equity Jumps to $726 Billion The national aggregate value of negative equity was about $282 billion at the end of the third quarter of 2016, falling approximately $2.1 billion, or 0.8%, from $284 billion in the second quarter; and dropping year-over-year about $25 billion, or 8.2%, from nearly $307 billion in the third quarter of 2015.

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Home equity has grown by $726 billion since last year, which is a 10.8 percent increase in Q3 compared to Q3 2015. The number of underwater mortgaged homes, or those with with negative equity, was.

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CoreLogic is also reporting that home equity grew by $726 billion from the third quarter of 2015 to this year’s third quarter, a 10.8 percent spike. Mortgaged residential properties with negative equity stood at 3.2 million, or 6.3 percent of all homes with a mortgage, down by 10.7 percent quarter-over-quarter and a 24.1 percent year-over.

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Let’s get you home. Learn how the Rocket Mortgage process works and get approved online to buy a home or refinance your mortgage. It’s too late in the morning at this point to refer to this post as a "Day Ahead," so let’s change course a bit and simply address the biggest burning question of the week: WHY ARE MORTGAGE RATES AND.

Over $32 Billion In Home Equity Is Used For Business Loans. Home equity used to secure business loans made a huge leap in the past year. business loans represented .63 billion of the balance in May, up 0.26% from a month before. This represents a 16.32% increase compared to the same month last year.

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