Troy Segal
Freelance Writer at Freelance
Culture/lifestyle writer & editor, specializing in the arts, dining, travel, and personal finance
Articles
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1 week ago |
bankrate.com | Linda Bell |Troy Segal
Multigenerational homes, in which multiple age groups live under one roof, have quadrupled between 1971 and 2021, involving nearly 60 million people. The rise is attributed to high housing costs, caregiving concerns, and social shifts in the U.S. population. Making a home multigenerational involves creating spaces that cater to all age groups, ensuring comfort, functionality, and some level of independence and privacy.
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2 weeks ago |
bankrate.com | Linda Bell |Troy Segal
Home equity rates were flat for the week as the U.S. economy showed signs of cooling. The average rate on a $30,000 home equity line of credit (HELOC) rose one basis point this week to 7.95 percent, according to Bankrate’s national survey of lenders. Home equity loans held steady, with the average $30,000 home equity loan clocking in at 8.36 percent — unchanged at this low for 2025.
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2 weeks ago |
bankrate.com | Linda Bell |Troy Segal
The top stories in home equity, mortgages and real estateUsually, prices drop when demand dwindles. But In March 2025, the median home price was more than $403,00 — the highest March median on record – even as home sales recorded the slowest number for the month since 2009. What does this all mean for the housing market, and for home affordability? Homeowners in the U.S. have seen a big boost in wealth thanks to rising home equity, which hit nearly $35 trillion by the end of 2024.
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3 weeks ago |
bankrate.com | Linda Bell |Troy Segal
Both home equity loans and home equity lines of credit (HELOCs) are heading down. The average rate on a $30,000 home equity line of credit (HELOC) once again broke through the 8 percent barrier, declining 8 basis points this week to 7.94 percent, according to Bankrate’s national survey of lenders. Home equity loans also retreated in the latest week, with the average $30,000 home equity loan falling four basis points to 8.36 percent.
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3 weeks ago |
bankrate.com | Kacie Goff |Troy Segal
With all the talk swirling about inflation and tariffs, consumers have been (rightly) braced for prices to go up. While unwelcome for things like cars and eggs, rising prices can deliver some benefits, particularly for homeowners. Home values sit notably higher than they did five years ago. Home equity lenders seem to have taken note – and are increasing loan and credit line limits accordingly.
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The dream of homeownership is getting expensive: a new @Bankrate study shows the income needed for a typical home has surged to almost $117,000 – a 50% jump since 2020. Where do you need the most money? https://t.co/NXfD8A4MfQ
Emergency home repairs can be costly. A HELOC or home equity loan offers a lower-cost alternative to credit cards or personal loans. https://t.co/JXAWK8unKW
Strong credit, low debt, and solid equity help your chances of getting a home equity loan. Learn what lenders are really looking for: https://t.co/bfgowJ7ImE