American mortgages holders saw their collective tappable equity, the amount owners have available to borrow against a home while retaining a stake of at least 20 percent, increased by a record $1.2 trillion in the first quarter of 2022, according to Black Knight’s Mortgage Monitor Report released on June 6.
Mortgage holders have gained a total of $2.8 trillion in tappable equity over the past 12 months, an increase of 34 percent—the equivalent of more than $207,000 in equity available per borrower.
