“So, don’t think it goes much lower.”

In context

“he prior several months more than cost of project and higher rates, the number one issue that people were citing in our surveys were general macroeconomic and even political uncertainty. So as those dissipate, I think you’ll see people again with the lower rates HELOCs are variable. So, those are down 75 basis points since the cuts and assuming, we’re going to get another cut here in December, huge amount of tappable equity that’s nearly doubled since the end of ‘19. It went from just under $6 trillion to $11.5 trillion I mean a T, trillion with a T. So, tremendous amount of tappable equity. Recall back in the housing boom, I think folks were taking out as much as $120 billion a quarter. That was more recently $60 billion, $80 billion a quarter and now we’re down to $20 billion a quarter. So, don’t think it goes much lower. When people get some confidence back in macro and political dynamic, it’s a big project. And, for someone to make that decision to pull the trigger on $25,000, $50,000, $75,000 project, there’s a certain amount of confidence that goes into that. And, one would hope that we’re headed toward a change in overall confidence levels. Simeon Gutman: Thank you. Isabel Janci: And Christine, we have time for one more question. Operator: Thank you. Our final question comes from the line of Steven Forbes with Guggenheim. Please proceed with your question. Steven Forbes: Good morning. Ted, appreciate the color around cross-selling opportunities at SRS. But, I wanted to explore maybe some of the learnings you’re gaining from monitoring the sales force over there. So, can you remind us on how large the”