Homeowners are sitting on a record $6 trillion in equity. Why aren’t they using it?

Rising interest rates are making lines of credit more expensive… and Americans may still be leery of cash-out refis

American homeowners have amassed a record $6 trillion in equity in their properties, a figure boosted by surging home prices and a trend of owners staying put longer. But rising interest rates and caution resulting from the housing troubles of a decade ago are limiting how much of that equity is getting tapped.

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