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 ...
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 ...
Homeowners can deduct the interest paid on a HELOC from their federal income taxes as long as they use the funds for home ...
While both of these products offer unique benefits to homeowners, they may not be right for everyone. Here's why each could ...
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 ...
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 ...
The utilization of your home equity needs to be done both carefully and strategically. And it can be done so effectively with ...
I can’t take credit for, “People don’t care about how much you know until they know how much you care.” Empathy and ...
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 ...
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