Source: National Mortgage News Escalating home prices delivered a record gain of $1.2 trillion in tappable equity to borrowers in the first quarter of the year, Black Knight reports. Mortgage holders are enjoying a total of $11 trillion in tappable equity, or $207K per borrower, also the highest on record, according to the Black Knight Mortgage Monitor report for April. Home prices were up 19.9% in April, a slight decrease from March’s 20.4% annual gain. “Depending upon where you stand, this could be the best or worst of all possible markets,” said Ben Graboske, Black Knight Data and Analytics president, in a statement.
