Home equity is near a record high. Tapping it may be tricky due to high interest rates

PUBLISHED MON, JUN 10 20243:33 PM EDTUPDATED MON, JUN 10 20244:10 PM EDT

By: Greg Iacurci

Cultura Rm Exclusive/twinpix | Image Source | Getty Images

Home equity is near all-time highs. But tapping it may be tough due to high interest rates, according to financial advisors.

Total home equity for U.S. mortgage holders rose to more than $17 trillion in the first quarter of 2024, just shy of the record set in the third quarter of 2023, according to new data from CoreLogic.LEARN MORE…

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