+12 Are Rates On Home Equity Loans Line Of Credit Negotiable 2022. The prime rate is around 3.25%. 10 some smaller lenders cap.

The average interest rate for a home equity line of credit, or heloc, is 5.35% as of 2020. If you don’t repay the loan as agreed, your lender can foreclose on your home. Their phone system was a nightmare to negotiate, and we were disconnected more than once.