Heloc Interest Rates 2024. This rate measures the interest cost of borrowing, while the slightly higher national average annual percentage rate (apr) of 6.72% represents the total cost of borrowing, including additional lender fees and expenses over the loan's term. 27, while home equity loans cost more than 9 percent, according to bankrate’s national survey of lenders.

The best home equity line of credit (heloc) rates are low compared to the national average, with lenders offering additional perks like introductory annual percentage rates (aprs), rate. A $100k heloc is suitable for more extensive renovation projects or other significant financial needs.