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.

Home equity loan interest rates are down a bit compared to a year ago, largely thanks to the Federal Reserve's late-2024 rate cuts. Case in point: A 5-year home equity loan averaged nearly 9% in ...

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.

Home equity loan interest rates currently average between 8.06% and 8.41%, depending on the loan amount, loan-to-value ratio (LTV), borrower qualifications and other factors. The rate isn't the ...

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 ...

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 ...