<ul><li>Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes.</li><li>HELOC rates are tied more closely to banks than are first-mortgage rates, which tend to track the performance of the bond market.</li><li>A 5-year term offers a shorter repayment period with typically higher monthly payments. These products are suitable for borrowers looking for a quicker payoff.</li><li>The Federal Reserve has signaled to investors that it expects to raise interest rates several times in 2022 and beyond.</li></ul>

Latest HELOC & Home Equity Loan Rates: February 19, 2025

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