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via cnbc.comEconomy

HELOC balances post biggest jump since 2005, NY Fed report

FROM THE WIRE · CNBC.COM

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.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe household home-equity borrowing data bears on consumer credit conditions and borrowing demand.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01A New York Fed report shows a sharp rise in HELOC balances.
  2. 02It marks the 18th consecutive quarterly increase.
  3. 03The jump is the biggest since 2005.

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