Best Home Equity Loan Rates for 2025

A home equity loan lets you borrow against your home equity, which is the difference between your home's market value and the remaining balance on your mortgage. Like home equity lines of credit (HELOCs), home equity loans are secured by collateral: your home. In general, home equity loans tend to have lower interest rates than personal loans or credit cards. That's because home equity loans are secured debt, which makes them less risky for the lender. The downside is that if you miss payments, you risk losing your home. I've spoken with experts about the advantages and disadvantages of home equity loans, how they work and where to find the best rates. Here's what I've uncovered. This week's home equity loan rates Here are the average rates for home equity loans and home equity lines of credit as of May 28, 2025. Loan type This week's rate Last week's rate Difference 10-year, $30,000 home equity loan 8.39% 8.38% +0.01 15-year, $30,000 home equity loan 8.32% 8.32% None $30,000 HELO ... Read full article.