<ul><li>Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes.</li><li>HELOCs come in various amounts like $100K, $250K, and $500K, offering different borrowing capacities for different needs.</li><li>Repayment terms vary from 5 years to 30 years, with shorter terms for quicker payoffs and longer terms for lower monthly payments.</li><li>HELOC rates are tied closely to banks and are expected to increase as the Federal Reserve plans to raise interest rates.</li></ul>

Today’s HELOC & Home Equity Loan Rates: June 9, 2025

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