Point

Refi and HELOC activity inched upward in Q3, as homeowners capitalized on modest rate improvements and tapped into equity, but affordability constraints are still keeping purchase demand subdued

The new Prime HEI offering lets licensed mortgage brokers help homeowners unlock equity with no debt, no interest, and no monthly payments

A combination of the recent easing in mortgage rates that has begun to open the refinance window for many borrowers, and homeowners with record amounts of equity, are trends driving opportunities for borrowers to leverage refis and equity products

After several years of rapid equity gains that peaked in 2022, homeowner equity levels appear to be stabilizing as slight shifts seen in recent quarters suggest the housing market may be settling into a more balanced phase

As more homeowners stay put, they are tapping into equity products to ensure stability and build financial confidence

After turning $29M profit on $191M revenue and $6B in home equity lending, Figure’s IPO underscores push to reshape non-agency markets