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2026: HELOCs Hit Three-Year Low, Seniors Weigh Options

1/27/2026

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Summary

Story summary

In 2026, borrowing via a home equity line of credit (HELOC) is at a three-year low, with a rate of 7.44%, cheaper than home equity loans and personal loans.
For a $25,000 HELOC, monthly payments run about $231 to $296.
Seniors should compare HELOCs with reverse mortgages, which do not require payments until death or sale.
HELOCs require monthly payments and can be risky if home values fall; consult a financial advisor.

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Story summary

In 2026, borrowing via a home equity line of credit (HELOC) is at a three-year low, with a rate of 7.44%, cheaper than home equity loans and personal loans.
For a $25,000 HELOC, monthly payments run about $231 to $296.
Seniors should compare HELOCs with reverse mortgages, which do not require payments until death or sale.
HELOCs require monthly payments and can be risky if home values fall; consult a financial advisor.