How much does a $15,000 home equity loan cost per month after the Fed cut interest rates?

A cooler interest rate climate may entice homeowners in need of $15,000 to consider their home equity loan options.

How much does a $60,000 home equity loan cost monthly now that interest rates have been cut?

Fed rate cuts can make home equity loans more affordable. Here's what a $60,000 home equity loan costs monthly now.

Current Home Equity Loan Rates

As of October 1, 2025, the average home equity loan rate is 8.21%, according to Bankrate’s regular survey of rates. The average range is between 5.49% and 10.75%. Home equity loan interest rates also ...

Home Equity in Retirement: Should You Sell, Borrow or Rent?

Learn how to preserve your property's value, tap equity for income and make smart choices about downsizing, renting or leaving a legacy.
Billings Gazette

The different types of home equity loans

How does a home equity loan work? First, it’s important to understand that the term home equity loan is simply a catchall for the different ways the equity in your home can be used to access cash. The ...