{
  "id": 3513322,
  "title": "What are today's HELOC and home equity loan interest rates?",
  "url": "https://urgent.news/2026/08/26/what-are-todays-heloc-and-home-equity-loan-interest-rates",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-26T13:09:39.000Z",
  "source": {
    "name": "CBS News",
    "slug": "cbs-news",
    "url": "https://www.cbsnews.com/news/todays-heloc-and-home-equity-loan-interest-rates/"
  },
  "original_language": "en",
  "account": "Home equity loans and home equity lines of credit (HELOCs) provide homeowners with a means to borrow at relatively low interest rates, currently significantly lower than alternative options. As of July 9, 2026, the average home equity loan rate stands at 6.98%, while the average HELOC rate is 7.04%. However, these figures represent nationwide averages, with actual offers influenced by factors such as location, lender, and credit profile. To secure the best rates and terms, homeowners should compare rates from various lenders. Both HELOCs and home equity loans leverage the homeowner's equity as collateral, but they function differently. Home equity loans provide a lump sum with fixed interest rates and immediate repayment, while HELOCs offer a revolving line of credit with variable interest rates and interest-only payments during an initial period. Tax deductions may be available if the funds are used for IRS-eligible home improvements. Given the current favorable interest rate environment, homeowners should carefully assess their borrowing needs and budget before choosing between a home equity loan or a HELOC.",
  "summary": "HELOCs and home equity loans offer homeowners an affordable way to borrow money now. Here are the rates for each.",
  "key_points": [
    "As of July 9, 2026, average home equity loan rate is 6.98%.",
    "Average HELOC rate is 7.04% as of July 9, 2026.",
    "HELOCs offer revolving credit with variable interest rates."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}