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Home bloopers this was just sent to me by email but i thought it was funny

RATES ON HOME EQUITIES DON'T FOLLOW MORTGAGE RULES.(Business)(Column)
Have you noticed that mortgage rates keep dropping, but that 9.5 percent rate on your home equity line hasn't budged in more than a year? You're not imagining it. The rates borrowers pay on their home equity credit lines are pegged to the prime rate, which in turn is dependent upon other short-term

Publication: Seattle Post-Intelligencer (Seattle, WA)

Drawing more interest: Home-equity loans grow with mortgage rates
Drawing more interest: Home-equity loans grow with mortgage rates By RUTH SIMON Wall Street Journal Sunday, October 5, 2003 Rising mortgage rates have burst the refinancing bubble, but borrowers continue to pour into home-equity lines of credit. The number of people refinancing has tumbled sharply

Publication: The Milwaukee Journal Sentinel

No rate cut for equity release pensioners.
Byline: JUSTIN HARPER PENSIONERS trying to boost their income through releasing equity locked up in their homes have not seen a penny benefit from six interest rate cuts this year. While bank base rates have fallen to 4.5 per cent and mortgage rates to around 5.5 per cent, lenders have not reduced

Publication: The Daily Mail (London, England)

As Fed raises rates, other costs will climb; Home equity loans, credit cards affected
As Fed raises rates, other costs will climb Home equity loans, credit cards affected When the Federal Reserve raised interest rates last week, one ripple effect was to make home equity lines of credit -- which consumers have flocked to over the past few years -- a little more expensive. The rate

Publication: The Milwaukee Journal Sentinel

Equity lines tied to well-known bank rate not so prime // Homeowners can negotiate
WASHINGTON Despite sharp declines in mortgage rates that have triggered the current refinancing boom, large numbers of American home equity-line borrowers are still making monthly loan payments tied to a rate that hasn't budged in nearly a year: The so-called "prime" bank rate that 90 percent of

Publication: Chicago Sun-Times

Home equity blues // Can your credit survive a rate hike?
Consider this, home equity borrowers: Interest rates have been low for more than 10 years, yet inflation and interest rates are cyclical. At some point they will rise. When and how much are anybody's guesses. And they will haunt home equity borrowers, whose loans are tied to the prime rate and

Publication: Chicago Sun-Times