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NerdWallet: More people are tapping equity—and other real estate trends

This article is reprinted by permission from NerdWallet.

Homebuying will remain competitive from July through September, with the edge going to buyers who act fast. And as mortgage rates rise, some homeowners will feel compelled to tap their equity rather than refinance or sell. Here are three housing and mortgage trends to watch for as summer 2018 slides into fall:

  • Home sales will slacken in the third quarter, creating an opening for assertive home buyers.
  • After rising through the first half of the year, mortgage rates could keep pushing upward — or plateau.
  • The rise in mortgage rates will keep some homes off the market, fueling demand for home equity lines of credit.

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