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January 13, 2017 0

Homeowners Have More in Equity, But Mood Soured by Rising Mortgage Rates

Home prices have been rising for 53 straight months, lifting millions of borrowers from underwater on mortgages.

In the first three quarters of 2016 alone, howeowners added $837 billion in total equity.

But apparently those gains are not enough to counter the negative effects of rising mortgage rates.

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Category Housing Market

About author

Steve Devorak
Steve Devorak 152 posts

Steve Devorak is a former Director of Land Acquisition and Project Manager with extensive experience in the Southern California land market.

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