Briefing: Home equity is declining — but the average borrower still has $295K. Should you open a HELOC now, even if you don’t need the money ASAP?

Current data indicates that the average borrower possesses $295K in home equity, despite a noted decline in overall home equity levels.

This trend suggests a potential shift in borrower behavior regarding Home Equity Lines of Credit (HELOCs), particularly for those who may not need immediate access to funds.

The decision to open a HELOC should consider not only current equity levels but also future financial needs and market conditions.