Lenders are allowing people reasonably unfettered access to their equity.
For some people a home equity line of credit is a brand new shovel for digging themselves further into debt.
Welcome to the cold reality. A lot of people selected short-term interest rate product and are now beginning to see how these things benefit the lender.
People are a little more realistic about their time frame, especially young folks,
With rates as low as they are people can cut years off the mortgage for the same monthly payment.
These loans can be of value for people who want to save or invest the money they would have paid in principal, ... Unfortunately, the way the product has been pitched, borrowers have been encouraged to stretch their budget to buy more house.