Home equity lines of credit are susceptible to a rise in interest rates, which means they just got more expensive.
The incoming administration is apparently not afraid to take a homeownership bonus: The mortgage interest deduction.
The amount of equity homeowners now have has doubled in the last five years, according to CoreLogic.
After falling to the lowest level in 50 years, the U.S. homeownership rate bounced up slightly in the third quarter of this year.
Starts tumbled to a 1-1/2-year low in September, but a surge in the construction of single-family units pointed to sustained strength in the market.
Full Study will appear here once the embargo is lifted at 12:01 a.m. ET on Wednesday, October 5th, 2016. The post Which political party is better for homeownership? appeared first on Newsroom and Media Center.
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