Now at 8.03%, HELOC interest rates are more than two points lower than the 10.16% they came in at in January 2024. Since HELOCs have variable rates that will change for borrowers monthly, however ...

That downward trend has largely continued in 2025. HELOC rates fell to an 18-month low in January, hitting 8.27%. That was followed by another drop in February to 8.12%, at that point a two-year ...

The average home equity loan interest rate is 8.25%, just three basis points higher than a HELOC is right now. And, unlike a HELOC, that rate is fixed, offering savers peace of mind in today's ...

*Data accurate as of December 13, 2024. Pros and Cons of a HELOC 5-Year Home Equity Loan Rates (60 Months) A 5-year term offers a shorter repayment period with typically higher monthly payments.

U.S. homeowners tapped nearly $25 billion in home equity through second-lien mortgages during the first quarter of 2025 — the largest volume for this period in 17 years, according to the ICE ...

New year, new low in home equity rates. The $30,000 home equity line of credit (HELOC) plunged nine basis points to an average of 8.27 percent — its lowest level in a year and a half, according ...