Your Money Minute Home Equity Hits A Record High 6/23/25
Jun 23, 2025
Home equity has surged to a historic $17.6 trillion, reflecting rising property values. The trend of homeowners tapping into their equity through HELOC withdrawals is on the rise. Banks are becoming more competitive to cater to this growing demand, leading to exciting opportunities for savvy homeowners. Tune in for insights on how you can leverage this financial goldmine!
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Record Home Equity Levels
- Homeowners in the U.S. hold a record $17.6 trillion in collective home equity.
- The average homeowner can tap $212,000 for buying or renovating property.
Home Equity Withdrawals Surge
- Home equity withdrawals reached $45 billion in Q1, the highest first quarter in three years.
- HELOC withdrawals alone totaled $25 billion, the largest volume in 17 years.
Shop Rates for HELOCs
- Banks aggressively promote HELOCs as they seek ways to increase profits.
- Shop around for the best HELOC rate; average rates are about 8% but can be lower with strong credit.