HELOC rates tumble at start of 2025

Will a home equity loan or HELOC be better this January?
Both a HELOC and a home equity loan can be good ways to access your home equity this January, depending on your goals and financial situation.
Current HELOC & Home Equity Loan Rates: January 9, 2025—Rates Are Mixed
Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. 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 that amount back in monthly installments.
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.
What's a good home equity loan interest rate in 2025?
With the interest rate climate changing again, it helps borrowers to know what a good home equity loan rate is now.
Should you use a home equity loan to pay off your debts?
A home equity loan can be a good option to consolidate debt, as it usually carries lower interest rates and longer terms than other financing options. Advantages of using home equity loans or HELOCs to pay off debts include the streamlining of payments and lower monthly payments (compared to credit card bills,
HELOC interest rates drop to 18-month low: Should you open one now?
HELOC interest rates dropped again this week. Here are three reasons why you should open the line of credit now.
National Mortgage News9d
Couple sues Newrez for OK'ing fraudulent HELOC wire transfer
Newrez's servicing arm approved an "obviously counterfeit" HELOC request from a bad actor totaling almost $500,000, a ...
Business Insider3d
See Current HELOC Rates and the Best HELOC Lenders
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 ...
Can you take out a HELOC with high credit card debt?
A HELOC is one of the most affordable borrowing options right now, but can you qualify for one with a lot of debt?
Forbes4d
Best HELOC Rates Of January 2025
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 ...
Mortgage News Daily2dOpinion
HELOC, Jumbo, CRM, Servicing Tools; Conventional Conforming News
I can’t take credit for, “People don’t care about how much you know until they know how much you care.” Empathy and ...
Is HELOC Interest Tax Deductible?
Homeowners can deduct the interest paid on a HELOC from their federal income taxes as long as they use the funds for home ...
Investopedia on MSN11d
Where To Get a Home Equity Line of Credit
It can be a powerful tool, but it also can be risky. Here's how a HELOC works, where to get one, and what features to look ...
CNBC9d
Best HELOC lenders of January 2025
With a home equity line of credit (HELOC), you can borrow against the value of your home and access a revolving line of credit to pay for things like ongoing home renovations, college or high ...
HELOC interest rate pros and cons to know for 2025
The utilization of your home equity needs to be done both carefully and strategically. And it can be done so effectively with ...