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HELOC interest rates vs. home equity loan interest rates: What lending experts say to know this July – CBS News

HELOC interest rates vs. home equity loan interest rates: What lending experts say to know this July – CBS News

June 30, 2025

When it comes to borrowing money right now, homeowners have it pretty good. That's because home equity loans and home equity lines of credit (HELOCs) — which are loans that use your home's equity as collateral — currently have much lower interest rates than most other major financing products on today's market.

The CBS News article compares HELOCs and home equity loans considering expected Fed rate cuts in 2025. Jeff Taylor, board member for the Mortgage Bankers Association and Founder and Managing Director at Mphasis Digital Risk, shares his thoughts on what borrowers should consider in today’s market.

Read more.