---
title: "HELOC Balances Outstanding"
slug: heloc-balance-growth
summary: "HELOC balances were $458.5 billion in Q2 2026, up $47.5 billion from a year earlier"
category: "Savings"
unit: billions_usd
frequency: quarterly
direction: bidirectional
latest_value: 458.5
latest_period: "2026-Q2"
trend: rising
last_updated: "2026-08-11T00:00:00Z"
source: "New York Fed Consumer Credit Panel / Equifax"
source_url: https://www.newyorkfed.org/microeconomics/hhdc
canonical_html: https://americandefault.org/indicators/heloc-balance-growth/
citation_apa: "Kilburn, R. (2026). HELOC Balances Outstanding [Data set]. American Default Research. https://americandefault.org/indicators/heloc-balance-growth/"
citation_chicago: "Kilburn, Ross. 2026. \"HELOC Balances Outstanding.\" American Default Research. https://americandefault.org/indicators/heloc-balance-growth/."
citation_mla: "Kilburn, Ross. \"HELOC Balances Outstanding.\" American Default Research, 2026, americandefault.org/indicators/heloc-balance-growth/."
---

# HELOC Balances Outstanding

> HELOC balances were $458.5 billion in Q2 2026, up $47.5 billion from a year earlier

## Current Reading

As of 2026-Q2, HELOC Balances Outstanding is **$458.5 billion** (rising).

owed on home equity lines of credit, in dollars not adjusted for inflation

## What Changed

- HELOC balances were $458.5 billion in Q2 2026, up $47.5 billion from $411 billion a year earlier.
- That is the most since Q4 2016, in dollars not adjusted for inflation.
- Balances have been higher than a year earlier for 16 quarters in a row.

## Recent Values

| Period | Value |
|--------|-------|
| 2026-Q2 | $458.5B |
| 2026-Q1 | $446B |
| 2025-Q4 | $433.6B |
| 2025-Q3 | $422B |
| 2025-Q2 | $411B |
| 2025-Q1 | $402B |
| 2024-Q4 | $396B |
| 2024-Q3 | $387B |
| 2024-Q2 | $380B |
| 2024-Q1 | $376B |
| 2023-Q4 | $360B |
| 2023-Q3 | $349B |

## Historical Context

- Peak since 2003: **$714 billion** in Q1 2009
- Low since 2003: **$242 billion** in Q1 2003
- Pre-pandemic average (2015-01 – 2019-12): **$449.45 billion**
- Post-pandemic average (2020-01 – 2024-12): **$349.25 billion**

## Methodology

This indicator carries quarterly observations and is interpreted as moving in both directions against household distress, with no single end of the range reading as the distressed one. Source: New York Fed Consumer Credit Panel / Equifax.
Automation: collected automatically on the daily refresh pipeline, with no hand entry.

## Source

New York Fed Consumer Credit Panel / Equifax — [https://www.newyorkfed.org/microeconomics/hhdc](https://www.newyorkfed.org/microeconomics/hhdc)

Data retrieved: 2026-08-11T00:00:00Z

## Machine-Readable Endpoints

- HTML page: https://americandefault.org/indicators/heloc-balance-growth/
- JSON: https://americandefault.org/api/indicators/heloc-balance-growth.json
- CSV: https://americandefault.org/api/downloads/heloc-balance-growth.csv
- BibTeX: https://americandefault.org/citations/heloc-balance-growth.bib
- RIS: https://americandefault.org/citations/heloc-balance-growth.ris

## Citation

**APA 7th**

    Kilburn, R. (2026). HELOC Balances Outstanding [Data set]. American Default Research. https://americandefault.org/indicators/heloc-balance-growth/

**Chicago (author-date)**

    Kilburn, Ross. 2026. "HELOC Balances Outstanding." American Default Research. https://americandefault.org/indicators/heloc-balance-growth/.

**MLA 9th**

    Kilburn, Ross. "HELOC Balances Outstanding." American Default Research, 2026, americandefault.org/indicators/heloc-balance-growth/.

Use **American Default Research** as the institutional name in source lists, bibliographies, and press citations. **American Default** is the brand and URL form. **American Distress Index (ADI)** is the product name for the national composite score.