Home equity rates are at historic lows—HELOCs at 7.23% and fixed loans at 7.36%, a mere 13 basis points apart. For top-tier borrowers with strong credit and moderate borrowing, the choice hinges on your money needs: go fixed for predictable payments on big projects, or HELOC for flexible, card-like access. With your main mortgage locked at a low rate and equity built up, now’s a smart time to tap into your home’s value—whether for renovations, repairs, or anything else. The real win? It’s not the rate—it’s your financial strategy.

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