Much change is occurring in home equity -- and the trend will continue. The best barometer for 2007 will be the Federal Reserve.
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Review 2006 As
the average HELOC
rate passed up 30-year
fixed rates, some
people were paying
them off, some pounced
on hybrid HELOC products
and still others stood
pat but grumbled about
those high interest
rates.
•
Preview 2007 Two events accelerated home equity debt in the early years of this century, and both appear to be fading away.
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Best moves 2007 In 2007, the best moves to make on equity debt can be boiled down to this: Keep an eye on the Federal Reserve.
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Ditching your HELOC? Home equity line of credit payments have been skyrocketing, but the worst may be over. If the payment pain is too great, you have other options.
