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

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

To qualify for a home equity loan—and get the best interest rate—you usually need to have a good to excellent credit score ...

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.

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.

As such, a home equity loan is more of a set-it-and-forget option than a HELOC, which typically comes with variable interest rates. Additionally, most home equity loans come with borrowing amounts ...

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 ...

Since mortgage rates are highly sensitive to fiscal policy and supply chain shocks, a global trade war could impact their ...

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 ...

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 ...

In a rare period of rate stability, mortgage lenders say that borrower mindsets — not numbers — may unlock market momentum.

If you are a homeowner, you may be sitting on a nest egg, money that can be accessed for any reason your personal situation ...