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 (HELOCs) — and set a strong tone for the rest of the year.
“Equity levels remain details ⇒
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