Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. A home ...

Key takeawaysA home equity loan allows you to access the ownership stake you’ve built in your home to accomplish your financial goals.Home equity loans are generally disbursed as a lump sum and repaid ...

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

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

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

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

Current home equity loan rates and trends. Since March 2022, the Federal Reserve has increased borrowing costs by hiking its benchmark rate in an attempt to bring inflation down.

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%.

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

A home equity loan is a type of second mortgage that lets you borrow against your home's value. It's a fixed-rate loan that you repay over an agreed-upon period. See national and regional lenders ...

Current Home Equity Loan Rates. As of July 16, 2025, the APR on a $50,000, five-year home equity loan (with an 80% loan-to-value ratio) is 8.04%, according to Curinos. This is down from 8.05% a ...