U.S. HELOC Market Volume (2009–2025)

FreeRateUpdate’s authoritative dataset tracking total U.S. home-equity (HELOC) balances from 2009–2025.

Figure 1 — HELOC Balances Outstanding, 2009–2025 (Billions USD)

Chart & Key Data (2009–2025)

Line chart of HELOC balances outstanding from 2009 to 2025 showing decline from $732B to ~$340B by 2021, followed by consecutive increases to $413B in 2025.
Source: Internal analysis of industry data. Values in billions of U.S. dollars.

Key Insights

  • HELOC balances fell from $732B in 2009 to ~$340B in 2021.
  • Balances have risen for 13 consecutive quarters to $413B YTD 2025.

Sample data table for crawler readability

Sample data excerpt (billions USD)
Year Balance ($B)
2025413
2024389
2023366
2022346
2021341

Mortgage and Home Equity Calculators

Estimate a payment before you talk to a lender. Each explains its math.

Mortgage Guides and Answers

The questions rate shoppers ask, and the explainers that go with them.

  • FAQ Answers to common mortgage and home equity questions, grouped by topic.
  • Blogs Longer explainers on buying, refinancing and borrowing against equity.
  • Is a Lender Legitimate? Check a company or loan officer in the free NMLS lookup.
  • Direct Lender or Broker? Who actually underwrites and funds your loan, and how to ask.

FreeRateUpdate Rates & Data

The rate and market data we publish, including figures measured from our own lender network and the consumers who shop rates here.

Ask Hope Anything About Mortgage & Home Equity!

Hope is AI and can make mistakes. Please double-check responses. * Advertising Disclosure