HELOCS
- Thread starter kir
- Start date
My gut feeling says that `yes`, we will see an adjustment to the HELOC rates. Who knows when? I think many experts are still surprised that the VRM pricing has some back so fast and so deep. The pendulum didn`t swing the other way for very long.
Hey Kir,
For the banks it`s all about liquidity. A lack of it back in 2008 casued the cost of HELOCs to go up. Liquidity has returned to the markets - but the banks are still acting gun-shy about passing on the lower cost of borrowing to consumers. I think banks will stay skittish for another 6 months until they see how the economic mess in Europe plays itself out.
For the banks it`s all about liquidity. A lack of it back in 2008 casued the cost of HELOCs to go up. Liquidity has returned to the markets - but the banks are still acting gun-shy about passing on the lower cost of borrowing to consumers. I think banks will stay skittish for another 6 months until they see how the economic mess in Europe plays itself out.