Home Equity Poised for Growth

By: Nizar Hashlamon for Tomorrow's Mortgage Executive

The news surrounding mortgage applications has been largely in-flux over the past few months. One week applications are reportedly up, and the next week applications are reportedly down. The overall sentiment, however, is purchase optimism that purchase lending will remain strong in 2016. Keep in mind, though, that running multiple strategies to maintain momentum is always a good idea. Perhaps the greatest additional strategy may be the untapped home equity market.