Home Equity Loan Rates Where is the Market Headed?

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Home Equity Loan Rates Where is the Market Headed?
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By Rebecca O’Connor

In states like California there has been a decline during the last four months in home equity loans and home equity lines of credit. Many analysts are blaming the fall in equity loans on the languishing home values and rising interest rates. Rates have risen to around the 8 percent range and look as though the Federal Reserve is likely to continue raising the rate. Some economists feel that this will spell the end of the home equity loan boom. Christopher Thornberg, senior economist of UCLA

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