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Mortgage Holders Gain $1 Trillion in Home Equity
There’s a home equity bonanza going on right now. Over the last year, the value of mortgaged homes has gone up $1 trillion. CoreLogic research shows the year-to-year increase is 11% from the third quarter of 2019 to the third quarter of 2020. That’s great news for borrowers, especially those at risk of foreclosure because of the pandemic.
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