Find out which Mortgage Lenders have the latest home equity loan products that can help you increase you mortgage volume. Home Loan Wholesale will help you find a lender for every possible niche.
Home Equity Rates
Homeowners love the home equity loan programs offered by Home Loan Wholesale because the home equity rates are the lowest. Find out more about how much home equity you can access and borrow with a new 2nd mortgage.
Home equity rates were rising rapidly last year, as the Fed continuously raised the prime rate which affected thousands of borrower's credit line rates.
With the fear of the housing bubble bursting, many consumers rushed to refinance their adjustable rate mortgage before the interest rates rose out of control. The interest rates did rise up into the mid 6% range, but they recently dipped back down into the high 5% range. The Federal Reserve was on a rampage raising interest rates last year, but has since retreated to a conservative approach without changing the interest rates for first and second mortgages.