Home equity for seniors 62 and over rose in the third quarter for the sixth straight quarter in a row, the National Reverse Mortgage Lenders Association reported Tuesday.

At the same time, mortgage debt in this age group has fallen from a high of $1.143 trillion in the fourth quarter of 2009 to $1.08 trillion in the third quarter of 2013, virtually unchanged from the second quarter.

Senior home equity has increased 12.5 percent over the last two years to $3.34 trillion.