U.S. — Interest rates on home equity loans in the United States fell to approximately 6.97% in April 2026, lowering monthly payments on a $100,000 loan by about $85 compared with rates at the start of 2025. Qualified borrowers received the 6.97% rate, with annual percentage rates ranging from 6.55% to 7.49%.

At the current 6.97% fixed rate, a $100,000 home equity loan with a 10-year term costs $1,159.54 per month, while the same loan with a 15-year term costs $897.15 per month. In January 2026, the same 10-year loan at an 8.18% rate cost $1,222.81 per month, and a 15-year loan at 8.13% cost $963.17 per month.

The decline is steeper when measured against early 2025. In January 2025, a $100,000 home equity loan at an 8.57% rate with a 10-year term cost $1,243.60 per month, and a 15-year loan at an 8.52% rate cost $985.91 per month.

As of April 2026, interest rates on home equity loans and home equity lines of credit are lower than they have been in recent years. Home equity loans carry fixed interest rates, which protect borrowers from future market rate increases.

The shift in borrowing costs comes as homeowners hold near-record levels of equity. In 2025, home equity levels in the U.S. reached a record high, and as of March 2026, homeowners had over $10 trillion in tappable home equity available to borrow.

Interest paid on home equity loans is tax-deductible when the funds are used for qualifying home projects and repairs. Borrowers considering a home equity loan can compare rates across lenders, as APRs vary from 6.55% to 7.49% depending on qualifications.