Take Out the Equity?

Mortgage equity withdrawal (MEW) has fluctuated recently.  Breaking $1 trillion last year, the annualized rate went back down to just over $900 billion.  MEW is the proceeds from a variety of things, including home equity borrowing.

This rate may drop drastically over the next couple of years due to a drop in home price inflation.  And though MEW has increased to $930 billion, refinancing and home equity borrowing are slowing as turnover increases.  ■