Current home equity loan rates are a little bit lower than current HELOC rates. If you're looking to fund a home improvement project or repair, a home equity loan can be an affordable way to do so.

A 5-year home equity loan averaged nearly 9% in January 2024. Now, it's 8.36%. Rates on home equity lines of credit have fallen even further, dropping from an avera ...

With a home equity loan, you receive a one-time lump sum upfront. Then you’ll repay the debt over time in fixed installments, usually with a fixed interest rate. Unlike the HELOC, you’ll need ...

With the Fed keeping rates paused, here's how to determine if a HELOC or home equity loan is better for homeowners.

Both HELOC and home equity loan rates tumbled this week, with the $30,000 HELOC down below 8% and the $30,000, 5-year HE Loan at 8.36% — its lowest since last autumn, according to Bankrate’s ...

The rates on home equity lines of credit and loans didn’t move much this week, with the average rate on a $30,000 home equity line of credit (HELOC) ticking up to 7.99 percent, according to ...

Home equity is at historic highs ... But in today's high-rate environment, Matt Weaver, a loan originator at Florida-based CrossCountry Mortgage, urges caution: "The only people who should ...