If you're thinking about tapping your home's equity, make sure you understand what could happen with rates soon.

Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. A home equity loan is a fixed-rate, lump-sum loan that allows homeowners to borrow up ...

When rates fell to around 6.7% (the lowest level in months) in early July, applications for home loans promptly ticked up, ...

High summer’s heat may be making home equity rates sleepy. The average rate on a $30,000 home equity line of credit (HELOC) ...

With June's inflation reading coming in hotter than the month prior, the Fed is under renewed pressure to maintain its ...

Savvy homeowners can take advantage of the lull in the home equity borrowing climate by making these three moves now.

Homeowners considering tapping their property’s equity can choose between two products: home equity loans and home equity ...

Generally, longer-term loans have higher interest rates. According to Ken Flaherty, senior manager of retail lending for ...

At the beginning of 2022, the average rate on a home equity loan was just above 6%, according to Bankrate.By the end of the year it had crept up near 8% and as of September 6, 2023 sits at 8.61%.

Current home equity loan rates. As of May 28, 2025, the average home equity loan rate is 8.24%, according to Bankrate’s regular survey of rates.

10-Year Home Equity Loan Rates (120 Months) With a 10-year term, borrowers can enjoy a balanced monthly payment while still building equity quickly. 10-year home equity loans are ideal for medium ...

15-Year Home Equity Loan Rates (180 Months) A 15-year term provides lower monthly payments compared to shorter terms, offering more affordability while still progressing toward your financial goals.