Home Equity Borrowing Jumps the Most Since 2005 as Household Debt Passes $19 Trillion

Home Equity Borrowing Jumps the Most Since 2005 as Household Debt Passes $19 Trillion

Some homeowners tap their equity because it's cheap. Others tap it to cover gas and groceries. The same record-setting number hides both, and which group dominates could decide whether consumer spending, and the index funds riding on it, holds up.

Homeowners tap equity as HELOC balances post biggest jump since 2005: New York Fed report

The rise in balances on HELOCs marks the 18th consecutive quarterly increase, according to a new report from the Federal Reserve Bank of New York.

HELOC balances just hit a milestone not seen in decades

A shift is unfolding in the housing market, and it could have consequences for millions of homeowners.