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Breaking Stories

The Home ATM, aka Mortgage Equity Withdrawal (MEW)

by Calculated Risk on 9/26/2021 04:06:00 PM

In the Newsletter I have The Home ATM

Excerpt:

In Q2 2021, mortgage debt increased $223 billion, the largest quarterly increase since 2006.

The bottom line is the recent increase in MEW is not concerning – it is far less as a percent of disposable personal income than during the bubble, and most homeowners have substantial equity.

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