Meanwhile, In HELOC News

Last summer, Bloomberg ran a piece documenting "the 2023 HELOC boom." It was a human interest story more than anything else, but it drew attention to the interplay between soaring real estate values and rapidly rising rates for homeowners borrowing against their equity. In one particularly amusing vignette, readers learned about a late twentysomething cop in Florida who opened a $50,000 line of credit on his recently-purchased condo with the intention of parlaying it into an investment property