Homeowners tapped their housing wealth at the fastest pace for any first quarter in four years as more borrowers turned to home equity loans and lines of credit instead of refinancing their existing mortgages, according to Intercontinental Exchange (ICE)’s June 2026 ICE Mortgage Monitor report.

The June report, released Monday — which tracks delinquency and foreclosure trends through the end of April — found that homeowners withdrew an estimated $47 billion in equity during the first quarter, up 2% from a year earlier and the highest first-quarter total since 2021.

ICE said that trend was driven by second-lien loans, which details ⇒

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