While the Federal Reserve has made numerous moves over the last few years to try and temper inflation, things aren't fully back on track just yet. The latest inflation report, released today, shows that the March inflation rate ticked back up for the second month in a row, hitting 3.5% — up slightly compared to the rate of 3.2% from the month prior.
The average homeowner has a lot of home equity to borrow fromAnother key factor making home equity loans appealing right now is the significant amount of equity that the average U.S. homeowner has accumulated. According to the most recent data, the average homeowner has about $299,000 in home equity — about $193,000 of which is tappable, meaning that it can be borrowed against.
Source: Loan Digest (loandigest.net)
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