Personal loan rates, while lower, still have a nearly 12% average. Meanwhile, rates on home equity products sit in the low-to mid-8% range. That goes for both home equity loans and HELOCs.

Better interest rates: "In most cases, HELOCs and home equity loans carry [much] lower rates than credit cards or personal loans," explains DerGurahian. " [They're] smart options for consolidating ...

Currently, the average credit card interest rate sits close to 23% while the average home equity loan interest rate is just 8.44% (as of January 31).

10-Year Home Equity Loan Rates (120 Months) With a 10-year term, borrowers can enjoy a balanced monthly payment while still building equity quickly. 10-year home equity loans are ideal for medium ...

February 20, 2025 — 10:29 am EST Written by Caroline Basile for Forbes Advisor -> Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes.

February 07, 2025 — 05:01 am EST Written by Caroline Basile for Forbes Advisor -> Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes.

The first quarter is typically the slowest for home equity lending, but lower interest rates in early 2025 helped to boost activity June 2, 2025, 2:40pm by Flávia Furlan Nunes News > Mortgage ...

Home equity line of credit (HELOC). A revolving line of credit that works like a credit card, offering variable interest rates and flexible borrowing during a five to 10-year draw period.

May 19, 2025 / 10:52 AM EDT / CBS News Lenders tend to offer differing rates for home equity loans and HELOCs — and there are a few drivers behind that trend. Getty Images ...