Home Equity Reaches Record High in June

Home equity reached record levels in June. According to mortgage data provider ICE Mortgage Technology’s June 2025 Mortgage Monitor Report, U.S. mortgage holders carried a record $17.6 trillion in home equity as of June 2025, with $11.5 trillion considered tappable (or accessible to borrow) equity. Around 48 million mortgage holders have tappable equity, with the average amount being about $212,000.

While homeowners have been cautious about tapping into their equity in recent years, the first few months of 2025 show a changing sentiment. Second-lien equity withdrawals (aka second mortgages) jumped 22% in Q1 2025 compared with the same period last year, reaching nearly $25 billion—the highest first-quarter figure in 17 years.

“Equity levels remain historically high, and now we’re seeing the cost of borrowing against that equity drop meaningfully,” said Andy Walden, Head of Mortgage and Housing Market Research at ICE. “The monthly payment needed to withdraw $50,000 via a home equity line of credit (HELOC) has fallen by more than $100 since early 2024. If the Fed moves forward with anticipated rate cuts, borrowing against home equity could become even more attractive in the second half of the year.”