ICE Mortgage Monitor: Record Home Equity and Rising HELOC Withdrawals

ICE
September 18, 2025
ICE Mortgage Technology, part of Intercontinental Exchange, Inc., released its June 2025 Mortgage Monitor report on June 2, 2025. The analysis revealed that U.S. mortgage holders held a record $17.6 trillion in home equity entering the second quarter of 2025. Of this, $11.5 trillion was considered 'tappable' equity, available for borrowing while maintaining at least a 20% equity cushion. First-quarter second lien equity withdrawals rose 22% year over year to nearly $25 billion, marking the largest first-quarter volume in 17 years. The average introductory rate on second lien HELOCs declined by 2.5 percentage points, falling below 7.5% in March. These trends indicate a strong market for home equity products, presenting a critical opportunity for housing finance professionals and supporting demand for ICE's end-to-end mortgage platform. The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.