HELOC Loan Balances Rise $13 Billion Nationwide as More Homeowners Tap Their Equity
The national balance of home equity lines of credit increased by $13 billion during the second quarter of 2026, according to a new report from the Federal Reserve Bank of New York. This marks the 17th consecutive quarter of increases for these flexible lines of credit, known as HELOCs, the report sa
Mortgage Rates Dip Slightly to 6.67% as Hopes for Iran Peace Deal Fizzle Out
Mortgage rates eased off their one-year highs this week, as markets continue to await signs of a resolution to the Iran war and normalization of global oil prices. The average rate on 30-year fixed home loans dipped to 6.67% for the week ending Aug. 13, down 2 basis points from 6.69% the previous we
Rapper Drake Vows To Buy a House for the Mom of Viral Speed-Dating Contest Winner Pinkchyu: ‘Pick Any Listing’
It seems as though rapper Drake is in the market for a new house—but it won't be one that he lives in himself. Having earned viral acclaim in 2017 when he revealed he had bought a collection of Hermes Birkin bags for his future wife, the musician has now stepped up his marital gift-giving to real es
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