Home equity borrowing is rising again. Here's why it makes sense for homeowners now.
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TL;DR
- Nearly 548,000 homeowners borrowed $54 billion in equity in Q2 2026, the highest number of borrowers since 2022.
- Home equity levels are at a record high, providing significant borrowing capacity.
- Home equity loans and HELOCs offer considerably lower interest rates (low 8% range) compared to personal loans (over 12%) and credit cards (over 22%).
- Homeowners have the option of fixed-rate home equity loans or variable-rate HELOCs to suit their financial strategy.
- Borrowing from home equity is presented as a smart and preferable way to access financing in the current economy.