HELOCs soar above 8% to start year; home equity loans drop modestly
Yahoo Finance·2026-01-08 05:13

A huge jump in HELOC rates to start the new year. The 30,000homeequitylineofsoared59basispointsto8.2230,000 home equity line of soared 59 basis points to 8.22%, as a major lender ended promotions, according to Bankrate’s national survey of lenders. Meanwhile, the benchmark five-year 30,000 home equity loan dropped two basis points to 7.97%. Before tapping into home equity, borrowers should carefully consider whether it’s the right financial tool for their situation, says Carl Holubowich, certified financial planner and principal at the Washington, D ...