Current HELOC & Home Equity Loan Rates
HELOC rates tumble at the start of 2025; home equity loan rates rise
For homeowners looking to tap into their record amounts of home equity, the good news could well be ongoing. Bankrate Chief Financial Analyst Greg McBride, CFA, forecasts that HELOC rates will continue to decline in 2025, averaging 7.25 percent, their lowest level in three years.
Fortunately, interest rates on HELOCs have been on a steady decline for much of the last year. After falling for most of 2024 ...
Homeowners can deduct the interest paid on a HELOC from their federal income taxes as long as they use the funds for home ...
Ashley is a lead editor of mortgages and loans at Forbes Advisor. She graduated from Utah Tech University with a bachelor’s in English with an emphasis in creative writing. She began her career ...
While both of these products offer unique benefits to homeowners, they may not be right for everyone. Here's why each could ...
The older I get, the earlier it gets late.” It was early to bed last night for me, early to rise, since today we are heading ...
Kim is a freelance contributor to Newsweek’s personal finance team. She began her career on the Bankrate copy desk in 2010, worked as a managing editor at Macmillan and went full-time freelance ...
The utilization of your home equity needs to be done both carefully and strategically. And it can be done so effectively with ...
Doretha Clemons, Ph.D., MBA, PMP, has been a corporate IT executive and professor for 34 years. She is an adjunct professor at Connecticut State Colleges & Universities, Maryville University, and ...
See how we rate mortgages to write unbiased product reviews. HELOC rates are a little higher than current mortgage rates, but they could still allow a homeowner to save money on borrowing for ...
Because these products are so closely tied to your most important financial asset, however, and because they're reflective of the larger economy and interest rate climate, existing borrowers need to ...
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