If you're a homeowner, you might be sitting on more financial leverage than you realize. Tappable home equity has now reached $11.5 trillion according to the June ICE Mortgage Monitor, and more than 48 million U.S. homeowners now have an average of over $200,000 in accessible equity. Since the start of 2025, borrowing against that equity has surged 22% as it's become cheaper and easier to access. Here's what that shift actually means for you.
Why Your Equity Position Is Stronger Than You Think
Many homeowners with high equity now owe only about half of what their home is worth. That's a strong financial cushion. Even better, the cost of accessing that equity has come down recently. Home values are still rising, and in markets like New York and Chicago, growth has been especially strong. Combined, this means the equity you've built is in a very solid position.
HELOC Withdrawals Are at a 17-Year High
HELOC rates dipped below 7.5% in early 2025, which triggered the highest first-quarter HELOC withdrawals in 17 years. That number matters for context: credit cards often charge over 20%, and personal loans typically run above 12%. Using your home's equity can be a much more affordable way to fund renovations, consolidate high-interest debt, or cover education costs. For a deeper breakdown of the trade-offs, see our guide comparing cash-out refinancing vs. a HELOC.
See How Much Equity You Can Put to Work
Our team can run your numbers fast and show you real options, including refinancing terms, HELOC access, and cash-out scenarios.
Check My OptionsShould You Refinance Right Now?
If your home has gone up in value, refinancing could make sense. With equity near historic highs, many homeowners are now in a strong position to get better loan terms. Refinancing could lower your monthly payment, help you pay off your mortgage faster, or let you access cash for home improvements or debt payoff. There are upfront costs, but when your equity is higher, you may qualify for better rates or loan options, which can lead to real long-term savings. For a full breakdown of what makes a refinance worthwhile, check out how much equity you need to refinance.
Your Equity Is a Real Asset. Use It on Purpose.
Your home equity isn't just a number on paper. It's a real asset you've worked to build. Refinancing or tapping equity is a serious financial decision, but the opportunity right now is real. At 14 Days To Close, we specialize in fast closings and clear answers. No waiting weeks to find out if you qualify.
