I'm seeing the facts from this report play out in our local market — Americans are digging themselves out of mortgage debt, as a recently published article by Bloomberg News says. Homeowners are taking advantage of record-low borrowing costs and bringing cash to the table to pay down the principal of their mortgage. This is leading to the biggest home equity jump in 60 years, and many clients who tell me how less mortgage debt gives them a better night's sleep!
July 10, 2012
Uplifting Report about Home Equity
by Julie Billett