Millions of Americans Blocked From Accessing Their Home Equity
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Americans have amassed plenty of housing wealth in recent years — but millions of homeowners are finding they’re effectively locked out of accessing it, a new study found.
Higher interest rates and debt levels, along with pandemic-led disruptions to jobs and incomes, have made it more difficult for many US property-owners to tap home-equity loans and lines of credit, according to data from Point, a home-equity investment company.