economy
What are today's home equity loan and HELOC interest rates: April 14, 2026?
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TL;DR
- Homeowners have access to substantial equity for borrowing.
- Personal loans and credit cards have high interest rates (over 20% for credit cards).
- Home equity loans offer a fixed rate of 6.95% (APR 6.05%-7.49%) and potential tax deductions for repairs.
- HELOCs offer a variable rate of 7.14% (APR 6.05%-8.15%) and potential tax deductions for repairs.
- Both options provide significantly lower borrowing costs compared to credit cards and personal loans.
- Borrowers must be able to afford repayments as the home serves as collateral, risking foreclosure if unable to pay.