Housing: "What Killed the Home ATM in 2006?"

Comparing 2006 to the current market and to the 1978-to-1982 period

A reader (ht SV) asked an interesting question: What killed the Home ATM in 2006?

First, the “Home ATM” is a joking reference to mortgage equity withdrawal (MEW), where homeowners extract equity from their homes - like a cash-out refinance or with a Home Equity Line of Credit (HELOC).

In this post, I’ll compare MEW for the current period to both the housi…