Home equity credit lines boom 20% in 2015

Posted online March 28, 2016 | 11:33 am

Lenders originated home equity lines of credit with limits of $146.1 billion in 2015, up about 20 percent from 2014.

That's also the third straight year of growth at that level or higher, according to USA Today, which cites credit-reporting agency Equifax.

The total is up from $73.2 billion in 2011 but below over $350 billion in 2005.

Read more from USA Today.

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