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Homeowners cash in on rising value

from Builder Online

According to Moody's, home equity lines of credit value has increased by 21 percent in the past two years. CNBC's Diana Olick reports on the increasing value of homes and HELOC volume. Borrowers are also putting smaller down payments on their homes with the median down payment falling to 6 percent at the end of 2016. Olick notes that rising interest rates are one possible obstacle to obtaining equity as they make loans more expensive and take the luster away from low down-payment loans. more

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