Home equity rates were flat for the week as the U.S. economy showed signs of cooling. The average rate on a $30,000 home equity line of credit (HELOC) rose one basis point this week to 7.95 percent, according to Bankrate’s national survey of lenders. Home equity loans held steady, with the average $30,000 home equity loan clocking in at 8.36 percent — unchanged at this low for 2025.
The Commerce Department’s latest reading on gross domestic product showed the U.S. economy contracted in the first quarter for the first time in three years. Given the indications of an economic slowdown, Elena Novak, lead real estate researcher at PropertyChecker.com, a property data platform based in Boston, says it’s important to take a hard look at your finances before borrowing against your home with a HELOC or home equity loan.
“HELOCs are flexible, sure, but they come with…
