U.S. mortgage holders saw record $1.2T boost in tappable equity in Q1
Written by Black Hot Fire Network on June 6, 2022
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Existing U.S. mortgage holders saw their collective tappable equity, or the amount available to borrow against a home while retaining a stake of at least 20%, increased by a record $1.2T in the first quarter, according to Black Knight's Mortgage Monitor Report released Monday.
As for home prices, which have been on a tear over the past year and felt by prospective homebuyers, “home price growth cooled – albeit very slightly – in April,” said Black Knight President Ben Graboske. Specifically, home prices . . .
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