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.

Dollar regains strength after economic data

Russian ruble rallies on rate increase

The U.S. dollar regained its strength on Friday following some favorable economic data, including a buoyant reading on consumer sentiment.

After starting the session on the defensive, the popular ICE U.S. Dollar Index DXY, +0.43% climbed 0.4% to 94.923. For the week, the gauge is still looking at a 0.5% drop, its worst performance in three weeks, according to FactSet.

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