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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (44904)11/6/2005 11:46:07 PM
From: regli  Respond to of 110194
 
>If this proposal for not allowing tax deductibility for second mortgages is passed then I expect all outstanding HELOCs to be rolled into first mortgages. In this case Freddie will report even more cash-out refinancings.<

I heard yesterday on an L.A. station a commercial advocating such a strategy right now in anticipation of the change. These guys are quick!



To: ild who wrote (44904)11/7/2005 8:37:45 AM
From: russwinter  Read Replies (1) | Respond to of 110194
 
HELOCs (revolving home equity)and other lending data can be found here:
federalreserve.gov

It's up for the year, but flat from mid-year:

01/05/2005 405.7

07/13/2005 436.0

10/26/2005 437.6


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