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Equity-line borrower feels pinch.

Publication: The Washington Times
Publication Date: 14-OCT-05 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Equity-line borrower feels pinch.(FRIDAY HOME GUIDE)(MORTGAGE Q&A)

Article Excerpt
Byline: Henry Savage, SPECIAL TO THE WASHINGTON TIMES

Q: What's up with the Fed and interest rates? I took out a home equity line of

credit a year and a half ago. We built a big addition to our house and have drawn $150,000 against the line. My payment has jumped from $500 per month to almost $900.

Is there anything we can do to stop the bleeding? I keep hearing that rates are just going...

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