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Story perspectives

Homeowners Benefit from Record Equity and Lower HELOC Rates

4/23/2026

28 3 Full Breakdown

Summary

Story summary

Homeowners currently have record equity, making home equity loans and HELOCs attractive.
Average HELOC rates have declined by over two percentage points in 18 months.
A $50,000 home equity loan at 6.96% costs $579.51 monthly.
A HELOC at 7.11% costs $583.38.
Compared with December 2025, both options are significantly cheaper, and borrowers should assess both options carefully before applying.

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Story summary

Homeowners currently have record equity, making home equity loans and HELOCs attractive.
Average HELOC rates have declined by over two percentage points in 18 months.
A $50,000 home equity loan at 6.96% costs $579.51 monthly.
A HELOC at 7.11% costs $583.38.
Compared with December 2025, both options are significantly cheaper, and borrowers should assess both options carefully before applying.