Get Lowest Home Equity Loan Fixed Rate Quotes Now
Current Market Trends
As of late 2023, interest rates for home equity loans have remained relatively stable, with average fixed rates hovering around 5% to 6% depending on the lender and the borrower's credit profile2. However, it's important to note that rates can vary significantly based on factors such as loan amount, term length, and the borrower's financial health. By shopping around and comparing quotes from different lenders, you can potentially secure a more favorable rate.