Balances on home equity lines of credit have risen along with home equity loans. Popular reasons for borrowing include home renovations and repairs and debt consolidation. Real Estate and Housing (Residential), Home Equity Loans, Interest Rates, Mortgages, Personal Finances, Content Type: Service, Appraisals and Valuation (Property), Federal Reserve Bank of New York Balances on home equity lines of credit have risen along with home equity loans. Popular reasons for borrowing include home renovations and repairs and debt consolidation. NYT > Business