ISGN Exec Expects Home Equity Increase as Refis Decline

Home equity loans are one type of loan product expected to pick up as refinances dwindle, according to an ISGN executive.

With forecasts calling for an increase in the long-term rate-indicative 10-year Treasury yield to points above 3% this year (it was at about 2.9% shortly after noon during the East Coast trading day Friday), refis may decline, said Paul Imura, chief marketing officer at ISGN.

But widespread home price appreciation documented in most local areas across the country should support home equity, said Imura, who also is the president of ISGN NA Solutions and ISGN Fulfillment, noting that there is untapped home equity in the market today.