A decline in exports and a sharp rise in imports pushed the U.S. trade deficit in June to its widest point since October 2008, raising new concerns about the weakening economic recovery.
Trade gap likely points to slower economic growth
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U.S. homeowners are using HELOCs to access trillions in home equity amid rising interest rates. Mortgage originators should explore this area with innovative financing solutions like bank statement HELOCs.