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our third weekly post is up and it's a heaterrr🚒: we cover what to do with these uberhigh rates, small sputtering home price declines, a super-strong USD, and increases in home equity. come on in!
30y mortgage rates hit 5.89%, highest level in 14 years (2008), but going even higher once Fed hikes 75bps. Affordability crisis has plenty of mileage left.
Auto usually goes down 6 months ahead of RE decline
Largely because repossessions are faster than foreclosure
Foreclosure will be a mess because the value of the home will be well below loan amount in many cases
yes lmaoooo. things are going to get wild.
car values are crazy, debt on cars is crazy. and frankly I think cars will get rekt way harder than real estate.
Maybe that goes first then RE.
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This photo shows a picture of what the Chloe HELOC (Home Equity Line of Credit) Credit Card will look like with the caption "Borrow From Your Home, Not Your Bank"
Americans are tapping every source of liquidity from their credit cards to their home equity in the form of a HELOC. Chloe helps Americans quickly access a HELOC via a credit card backed by their home equity. trib.al/6cRXS9e