The average homeowner is sitting on hundreds of thousands of dollars worth of equity right now. Pla2na/Getty Images

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 2026. Rates could move lower if the Fed's recent rate-cutting trend continues.

But waiting comes with its own considerations as well. Namely, will homeowners h

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