Americans tapped $25B in home equity in Q1. That hasn’t happened since 2008
Housing Wire
JUNE 2, 2025
U.S. homeowners tapped nearly $25 billion in home equity through second-lien mortgages during the first quarter of 2025 the largest volume for this period in 17 years, according to the ICE Mortgage Technology ‘s newest Mortgage Monitor report. That marks a 22% increase compared to the same quarter last year. The first quarter is typically the slowest for home equity lending, but lower interest rates in early 2025 helped to boost activity particularly for home equity lines of credit ( HEL
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