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10-Year Home-Equity Rates Fall to 6.96%, Savings Rise

4/24/2026

42 4 Full Breakdown

Summary

Story summary

The average rate on a 10-year $40,000 home-equity loan has dropped to 6.96%, the lowest since 2025.
U.S. home-equity balances have topped $10 trillion, letting many owners meet the typical 20% equity rule.
Monthly payments on a 10-year loan are about $34 lower than in February 2025, saving borrowers hundreds each year.
Fixed-rate home-equity loans stay cheaper than personal loans above 10% and credit-card rates above 20%.

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Story summary

The average rate on a 10-year $40,000 home-equity loan has dropped to 6.96%, the lowest since 2025.
U.S. home-equity balances have topped $10 trillion, letting many owners meet the typical 20% equity rule.
Monthly payments on a 10-year loan are about $34 lower than in February 2025, saving borrowers hundreds each year.
Fixed-rate home-equity loans stay cheaper than personal loans above 10% and credit-card rates above 20%.