<ul><li>Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes.</li><li>A home equity loan is a fixed-rate, lump-sum loan that allows homeowners to borrow up to 85% of their home’s value and pay it back in monthly installments.</li><li>A home equity line of credit is a variable-rate second mortgage that allows homeowners to borrow from their home's equity as a revolving line of credit.</li><li>HELOC rates are tied more closely to banks than first-mortgage rates and are expected to increase in 2022 and beyond.</li></ul>

Latest HELOC & Home Equity Loan Rates: March 25, 2025

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