Faster rate hikes, cooling home prices could put the squeeze on HELOC holders - Financial Post


4/7/2022 12:00:00 AM3 years 10 months ago
by Barbara Shecter

Rising rates and falling home prices could hit those who've been borrowing via home equity lines of credit. Here's what you need to know.

HELOC interest rates are variable, and many Canadians pay only the interest, leaving principal amount subject to rising rates There are concerns over what a combination of rising rates and falling … [+12336 chars]

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