We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. The average HELOC rate declined from 8.27% to 8.26% while the median ...

A home equity loan is usually a fixed-rate lump sum based on the value available in your home. Home equity lines of credit (Helocs) are revolving lines of credit based on your available equity and ...

The interest rate cut issued by the Federal Reserve last week may have only lowered the benchmark rate by a quarter of a percentage point, but it inevitably led to a series of questions and ...

Miranda Marquit is a staff senior personal finance editor for Buy Side. A home equity loan allows you to access the ownership stake you've built in your home to accomplish your financial goals. Home ...

What’s driving home equity rates today? Rates on HELOCs and home equity loans are being driven primarily by two factors: lender competition for new customers and the Federal Reserve’s actions. The Fed ...

A sharp pullback in home equity rates, one week after the Fed’s highly anticipated quarter-point rate cut. The $30,000 home equity line of credit tumbled 17 basis points to 7.88 percent, its lowest ...

How does a home equity loan work? First, it’s important to understand that the term home equity loan is simply a catchall for the different ways the equity in your home can be used to access cash. The ...

Homeowners in nearly every area of the country have seen significant gains in their home's equity — or the difference between the current value of their home and the outstanding balance of their ...

Miranda Marquit is a staff senior personal finance editor for Buy Side. Staff Personal Finance Editor, Buy Side Valerie Morris is a staff editor at Buy Side and a personal finance expert. A home ...