ICE房贷监测：全美房主净值17.5万亿美元创三季度纪录 240万人净值过百万
洲际交易所（Intercontinental Exchange, ICE）11月9日发布11月《房贷监测》（Mortgage Monitor）报告：今年第三季度，全美按揭房主持有的住房净值合计达17.5万亿美元，同比增长1.4%，创下三季度历史纪录。
在保留20%权益缓冲的前提下可动用的净值（tappable equity）人均达20.4万美元，同比增长1.2%，比一年前多出1.66万美元。
净值规模创纪录的同时，「净值百万富翁」人数也创三季度新高：240万名按揭房主持有至少100万美元净值，同比增长6%；持有50万美元以上的接近900万人，同比增长4%。分州看，加州一州就占了全国净值百万富翁的49%，其后是纽约州（18.9万人）、新泽西州（14.1万人）和佛罗里达州（10.4万人）。
ICE房贷与住房市场研究主管 Andy Walden 表示，房主坐拥可观的住房财富，在利率偏高的环境下，套现再融资在再融资中的占比不断上升，不少房主宁可放弃历史低位利率、承受更高的月供，也要把净值变现。
报告显示，30年期固定利率站上7%后，以降低利率为目的的再融资基本消失，套现交易成为主流：近几周约七分之一的利率锁定属于套现再融资，购房贷款约占利率锁定的八成。可调利率贷款（ARM）同样受追捧，占10月初利率锁定的比例超过一成；5/1可调利率贷款与30年期固定贷款之间经点数调整后的利差，已从夏季的约75个基点扩大到10月初的100个基点以上。
套现潮还让贷款服务商更难留住客户：第三季度服务商对再融资借款人的留存率降至27%，环比下降4个百分点；降息型再融资的留存率下降9个百分点至30%；套现再融资的留存率为26%，其中2019年及更早年份放款的套现客户留存率只有15%。套现再融资占了全部再融资组合流失的75%。
ICE房贷技术总裁 Bob Hart 表示，传统的以利率为核心的留存策略，对那些冲着动用净值而来的借款人并不奏效，服务商需要更早看清客户的净值状况并提前接触。
ICE Mortgage Monitor: Home Equity Hits Record $17.5 Trillion in Q3, With 2.4 Million Equity Millionaires
Intercontinental Exchange (ICE) released its November 2026 Mortgage Monitor report on November 9, finding that U.S. mortgage holders collectively held $17.5 trillion in home equity in the third quarter, up 1.4% year over year and a record high for a third quarter.
Tappable equity, the amount homeowners can access while maintaining a 20% equity cushion, rose 1.2% to an average of $204,000 per borrower, an increase of $16,600 from a year ago.
The number of equity millionaires also set a third-quarter record: 2.4 million mortgage holders held at least $1 million in equity, up 6% year over year, while nearly 9 million held $500,000 or more, up 4%. California accounted for 49% of the nation's equity millionaires, followed by New York (189,000), New Jersey (141,000) and Florida (104,000).
"Homeowners are sitting on substantial housing wealth, with 2.4 million mortgage holders now holding at least $1 million in equity," said Andy Walden, ICE's head of mortgage and housing market research. "In a higher rate environment, cash-outs are making up a greater share of refinances, with those homeowners giving up historically low mortgage rates and taking on higher monthly payments to tap into their equity."
With 30-year fixed rates above 7%, rate-and-term refinancing has nearly vanished and cash-out deals have taken over: cash-out transactions accounted for about one in seven rate locks in recent weeks, while purchase loans accounted for roughly 80% of rate locks. Adjustable-rate mortgages accounted for more than 10% of early-October rate locks, as the points-adjusted spread between 5/1 ARMs and 30-year fixed loans widened from roughly 75 basis points over the summer to more than 100 basis points in early October.
The cash-out wave is also making it harder for servicers to keep customers. Servicers retained 27% of refinancing borrowers in the third quarter, down four percentage points from the prior quarter. Retention among rate-and-term refinancers fell nine percentage points to 30%, while cash-out retention held at 26%, and servicers retained just 15% of cash-out borrowers whose loans dated to 2019 or earlier. Cash-out refinances accounted for 75% of all refinance-portfolio attrition.
Bob Hart, president of mortgage technology at ICE, said traditional rate-based retention strategies are not effective for borrowers motivated by access to equity rather than interest-rate savings, and that servicers need better visibility into borrowers' equity positions to engage them before they look elsewhere.
来源：洲际交易所
发布：GSM·美国（发布链接）
图片来源：纽约证券交易所大楼。ICE为其母公司。（颐园居 摄，CC BY-SA 4.0，经 Wikimedia Commons）
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