In the current mortgage industry landscape, lenders are finding a unique opportunity for growth in the home equity lending sector despite facing challenges such as higher interest rates and increased home values. The demand for home equity products remains strong as homeowners seek to capitalize on historically-low interest rates while anticipating even lower rates in the future. As a result, lenders have the chance to expand their home equity lending business and meet the needs of this growing market segment.
Key points:
– Higher interest rates and home values are creating opportunities for lenders in the home equity lending sector
– Despite recent interest rate reductions, demand for home equity products remains strong
– Homeowners are looking to maintain low interest rates while waiting for rates to potentially decrease further in the future
You can read this full article at: https://www.housingwire.com/articles/data-valuation-transformed-how-avms-can-power-property-valuations-for-home-equity-lending/(subscription required)
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