After Fed Cuts, Home‑Equity Loan Rates Around 8%
CBS News reports that following the Federal Reserve’s renewed rate‑cut campaign (a September 2025 cut and more expected), average fixed‑rate home‑equity loans now sit near the low‑to‑mid 8% range—Bankrate’s averages: 5‑year 8.21%, 10‑year 8.36%, 15‑year 8.24%—while HELOCs are averaging under 8% and could fall further as cuts continue. The article urges borrowers to shop around, consider HELOC variable‑rate risk versus fixed‑rate certainty, and factor in that the average U.S. homeowner has roughly $300,000 in available equity.
Economy
Personal Finance
📌 Key Facts
- Federal Reserve resumed cutting interest rates in September 2025 and markets expect additional cuts in October and December 2025.
- Bankrate average fixed home‑equity loan rates cited: 5‑year 8.21%, 10‑year 8.36%, 15‑year 8.24%.
- HELOCs are averaging below 8% and may become cheaper with further Fed cuts; average homeowner has about $300,000 in equity available to borrow.