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Rising demand combined with fewer available homes has helped push home prices steadily upward since last year. They posted their biggest annual increase in six years in January. That's helping restore equity to homeowners, which could open the door for them to borrow against that equity. "As this trend continues, stronger demand for this product will remerge," Minetti said. The executive noted that loss rates on new home loans have returned to pre-housing crisis levels of around 1 percent, down from around 3 percent to 4 percent during the worst of the downturn. Minetti said that Discover's customer base could provide fertile ground for home equity loans, noting that about 80 percent of the company's customers are homeowners. Shares of Discover ended regular trading up 29 cents at $42.13. The stock has climbed about 9 percent this year.
[Associated
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