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CNBC citing New York Fed: Q3 HELOC balances up $23 billion, largest quarterly increase since 2005
According to CNBC, citing a report from the Federal Reserve Bank of New York, U.S. home equity line of credit (HELOC) balances increased by $23 billion in the three months ending September 30, marking the largest quarterly increase since 2005 and bringing total balances to $481 billion. This represents the 18th consecutive quarter of growth.
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