As home equity loan rates sit near a two-year low, many homeowners may be wondering about the merits of acting now.

Minimal movement in home equity rates in the latest week. The benchmark 5-year $30,000 home equity loan edged down two basis points to 8.13 percent, marking the second week at its lowest level in two years. Meanwhile, the $30,000 home equity line of credit was unchanged, holding at 7.84 percent, according to Bankrate’s national survey of lenders.

Third Federal promises to beat a competitor's offered rate on a purchase mortgage or home equity line of credit or it will pay you $1,000. You must provide documentation of the lower rate; however, a decision regarding the rate challenge is typically made on the same day it's submitted.

Interest rates are responding well to the Fed's rate cuts. Here's what a $100,000 home equity loan costs monthly now.

Tapping into your home equity offers a way to borrow money at lower rates than unsecured loans. Here's how two key options compare on costs,

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 equity loans are generally disbursed as a lump sum and ...

Home equity rates have dipped to their lowest levels since 2023, and that could open the door for more borrowers.

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