I just noticed that my bank has reduced the borrowing limit on my HELOC to about half what it was when I opened the line of credit two years ago. They've given themselves a considerable equity buffer above my maximum mortgage + maximum home equity borrowing, even as compared to the lowest priced houses in the neighborhood. (For the record, it's a modest 1950's subdivision where, to people who don't live here, "all the houses look alike" - and to the rest of us they look very similar.)
This doesn't really affect me, as I'm a conservative borrower, but I'm in a neighborhood where home values seem pretty stable and I have a credit rating that usually has banks lining up to try to loan me money.
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