Mortgage equity withdrawal as a percentage of disposable personal income peaked at 6% in 1985. It then steadily declined, bottoming out at 0% in 1994. It then reversed direction, peaking at 9% during the three years ending June 2006, an annual amount equal to $900 billion! It then went into freefall, bottoming at -8% in late 2010. It’s been rising quite steadily since and is again roughly 0% of DPI.