Jump to content

Mortgage equity withdrawal

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by Lumidek (talk | contribs) at 01:21, 18 June 2006 (new stub added). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff)

In economics, mortgage equity withdrawal is the decision of consumers to borrow money against the rising value of their houses and to spend them. It is a mechanism that helps to drive the economy whenever the housing prices are increasing.