Homeowners are sitting on record levels of home equity, creating an unprecedented opportunity to tap into their home’s value. In fact, U.S. home equity reached $35 trillion in 2024, marking a 125.8% jump from 2019. And with 60% of borrowers having a first mortgage rate of less than 4%, there isn’t a better time for homeowners to take advantage of their home’s equity. By the Numbers • The average homeowner is sitting on over $200,000 of tappable equity • Home values have surge

Home equity has been on the rise for more than a decade across the country. In recent years, though, it’s been more of a meteoric boom, especially depending on where you live. Understanding these regional trends can help you make smarter decisions about how and when to capitalize on your home’s value. National Surge, Regional Differences According to Bankrate, U.S. home equity has increased by more than 140% since 2020. That amounts to homeowners collectively having trillions

If you’re thinking about using the equity in your home this year, you aren’t alone. From historically high equity levels to favorable borrowing trends, HELOCs are quickly gaining momentum as the choice as a solution for quick access to cash for homeowners. Wondering why? Let’s get into the details! Homeowners Are Sitting on Massive Equity The average U.S. homeowner has approximately $213,000 in tappable equity, a record high. It’s why homeowners who are looking for funds to m