<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 first-mortgage rates and are expected to increase in 2022 and beyond.</li><li>There are different options for home equity loans and HELOCs, including various terms (5-year, 10-year, 15-year, 20-year, and 30-year) to suit different borrowing needs.</li><li>Home equity loans are lump-sum loans based on the amount of home equity a homeowner owns and can be used for significant financial needs.</li></ul>

Today’s HELOC & Home Equity Loan Rates: March 20, 2025

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