As 2025 comes to a close, homeowners are holding a substantial amount of equity. The latest ICE Mortgage Monitor report shows that homeowners with mortgages collectively hold $17.3 trillion in equity right now. Home equity borrowing rates , meanwhile, are declining and are now averaging under 8% . Many homeowners are weighing whether to pull cash from their equity now through a home equity loan , home equity line of credit (HELOC) or a cash-out refinance , or wait for potentially lower rates in