Rising home prices managed to outpace an all-time high of $13.8 trillion in mortgage debt, pushing mortgage holder equity to a new high of $17.6 trillion in the second quarter of 2024. On top of that, tappable home equity reached a new high of $11.5 trillion, a 4% gain compared to the first quarter and a 9.2% year-over-year increase, according to new data from ICE Mortgage Technology.

The ICE Mortgage Monitor report for August showed that 32 million mortgage borrowers in the U.S. — roughly details ⇒

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