Underwater Mortgages Drop to Lowest Level in Over a Decade

March 10, 2022 Demetria Lester

CoreLogic released the Homeowner Equity Report for Q4 of 2021, showing U.S. homeowners with mortgages experienced an increase in equity by 29.3% year-over-year. This number represents an overall equity gain of more than $3.2 trillion, and an average gain of $55,300 per borrower since Q4 of 2020. According to CoreLogic’s latest Home Price Index, year-over-year ...

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