Take credit cards, for example. Those short-term borrowing products currently have rates averaging over 21%. Personal loan ...

A home equity loan is a fixed-rate, lump-sum loan that allows homeowners to borrow up to 85% of their home’s value and pay that amount back in monthly installments. A home equity line of credit is a ...

A home equity loan is usually a fixed-rate lump sum based on the value available in your home. Home equity lines of credit ...

Current home equity loan rates. As of June 18, 2025, the average home equity loan rate is 8.25%, according to Bankrate’s regular survey of rates.

Most home equity loan interest rates are fixed, so you repay your loan in monthly installments you can budget for. It’s common to see terms of 10 or 15 years for home equity loans.

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%.

Fixed rates command a premium on home equity loans. You'll often see higher home equity loan interest rates because these products lock in your rate for the entire loan term.

Rates: Home equity loans with lower rates and fees will save you more money in the long run. Term length : While home equity loans range from 5 to 30 years, some mortgage lenders have different ...

Discover competitive home equity loan interest rates to help you make informed ... The rate on a particular loan is also determined by a borrower’s credit history, income, the term of the loan, ...

Home equity rates are determined by both macroeconomic factors, like the Federal Reserve’s monetary policy, and the borrower’s financial profile. Home equity loan and HELOCs rates are based on ...

Home equity is at historic highs. If you've been faithfully paying your mortgage, you've likely built up quite a bit of it yourself. According to the Federal Reserve, American homeowners are ...