HELOC rates jump to near 2025 highs; home equity loans tick up too
This is the week that was for home equity rates.
Linda Bell is a Bankrate lead insights analyst, producing content on homeownership, home affordability, mortgages, home equity, and more. Before joining Bankrate in 2024, she spent more than 20 years as a business and personal finance reporter and writer at organizations including Bloomberg, Fox Business and NerdWallet.
During the housing boom and bust of the 2000s, Linda appeared on hundreds of local television and radio stations, providing insight on the stock market and housing industry. At NerdWallet, her focus was homeownership and mortgages, including the homebuying process, home affordability, and mortgage management.
Linda is deeply committed to advocating for equal homeownership opportunities for everyone. Her investigative radio series “Minorities and the Housing Market” won numerous awards from the National Association of Real Estate Editors and the New York Association of Black Journalists.
Linda graduated from New York University with a Bachelor of Arts degree in Print Journalism and English Literature.
I didn’t grow up with formal money lessons, but I learned a lot just by watching my parents be frugal. That stuck with me. Buying a home, for example, requires knowledge some of us weren't taught at home or in school: how to build and manage credit, budget for hidden costs, compare mortgage options, understand interest rates, plan for property taxes, and so much more. Don't be discouraged if you're learning as you go.
While you may have your heart set on buying a home, homeownership is not the right choice for everyone. It is important to weigh the pros and cons before making what will likely be the biggest purchase of your life.
— Linda Bell
This is the week that was for home equity rates.
A variety of things affect how much you’ll pay. Some of them you can actually control.
Why and how your home can be the foundation of your family’s fortune.
A roundup of the week’s top stories in home equity, mortgages and real estate.
Huntington offers two home equity products — a fixed-rate home equity loan and a home equity line of credit (HELOC), which starts out as a variable rate but can be converted to a fixed-rate.
Citizens Bank provides home equity loans and HELOCs in addition to consumer banking, mortgages, student loans and more.
Connexus Credit Union provides home equity loans and HELOCs in addition to auto loans, personal loans, student loans, credit cards and more.
Fifth Third Bank is a full-service bank that provides home equity lines of credit (HELOCs) and home equity loans in 11 states.
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