ICE Mortgage Technology’s June 2025 Mortgage Monitor reveals that homeowners now hold a record
$17.6 trillion in home equity, with $11.5 trillion classified as tappable —
available for borrowing while maintaining at least 20% equity. As HELOC (home equity line of
credit) rates fall, demand is rising sharply: second-lien equity withdrawals jumped
22% year-over-year to nearly $25 billion in Q1 2025, the highest
first-quarter volume since 2008.
Lower borrowing costs and increased homeowner equity are fueling this surge. The average HELOC
rate dropped with further declines expected if the Federal Reserve cuts rates.
Key highlights:
- 48 million homeowners have tappable equity, averaging $212K each.
- The average mortgaged home is only 45% leveraged, indicating room for more equity access.
- 25% of homeowners are considering a HELOC or home equity loan in the next year.
Homeownership continues to build equity over time, giving homeowners the funds needed to pay
down credit card bills, pay for college, and complete home renovations.
Read the full June 2025 Mortgage Monitor report
