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Drawing more interest: Home-equity loans grow with mortgage rates
Drawing more interest: Home-equity loans grow with mortgage rates By RUTH SIMON Wall Street Journal Sunday, October 5, 2003 Rising mortgage rates have burst the refinancing bubble, but borrowers continue to pour into home-equity lines of credit. The number of people refinancing has tumbled sharply

Publication: The Milwaukee Journal Sentinel

As Fed raises rates, other costs will climb; Home equity loans, credit cards affected
As Fed raises rates, other costs will climb Home equity loans, credit cards affected When the Federal Reserve raised interest rates last week, one ripple effect was to make home equity lines of credit -- which consumers have flocked to over the past few years -- a little more expensive. The rate

Publication: The Milwaukee Journal Sentinel

Equity lines tied to well-known bank rate not so prime // Homeowners can negotiate
WASHINGTON Despite sharp declines in mortgage rates that have triggered the current refinancing boom, large numbers of American home equity-line borrowers are still making monthly loan payments tied to a rate that hasn't budged in nearly a year: The so-called "prime" bank rate that 90 percent of

Publication: Chicago Sun-Times

Equity release rates now below mainstream rivals.
Equity release rates have dropped below mainstream rates for the first time, research has revealed. The average equity release rates are now lower than the average standard variable rates for mainstream mortgage offerings. The sector's trade body, Safe Home Income Plans, has calculated that the

Publication: Financial Adviser

HOME EQUITY CREDIT RATES TIED TO PRIME RATE, UNLIKELY TO FALL.(Business)
Byline: Linda Stern Reuters WASHINGTON -- Have you noticed that mortgage rates keep dropping but that 9.5 percent rate on your home equity line hasn't budged in more than a year? You're not imagining it. The rates borrowers pay on their home equity credit lines are pegged to the prime rate, which

Publication: Rocky Mountain News (Denver, CO)

Equity-loan rates vary through city
If you are hunting for an affordable home equity loan or line of credit, shop around - interest rates and fees vary widely in the Chicago area. Many home equity lines of credit currently offered by Chicago area lenders are variable-rate loans with initial rates ranging from 9 percent to 12.75

Publication: Chicago Sun-Times