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

An uneventful week for home equity rates. The average rate on a $30,000 home equity line of credit (HELOC) was unchanged at 8 ...

One major difference between Discover and Rocket Mortgage (aside from only the former listing its rates online) is that ...

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

Take credit cards, for example. Those short-term borrowing products currently have rates averaging over 21%. Personal loan rates, while lower, still have a nearly 12% average. Meanwhile, rates on home ...

Current home equity loan rates. As of June 25, 2025, the average home equity loan rate is 8.26%, according to Bankrate’s regular survey of rates.

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%.

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 ...

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, ...