Recommended Free Tools
The best date-matched figures available for July 8, 2025, are quarterly averages—not rates quoted for that day. The National Credit Union Administration (NCUA) reported home equity loan/line-of-credit averages of 7.61% at credit unions and 8.05% at banks, based on rates reported for June 27, 2025. NCUA extracted the data on July 8. A separate Bankrate survey later put end-of-July averages at 8.25% for home equity loans and 8.26% for HELOCs; those later figures should not be read as July 8 rates.
What were home equity rates around July 8, 2025?
The NCUA’s 2025 second-quarter rate table is the closest date-labeled snapshot for July 8. It gives averages for rates reported by active institutions on June 27, 2025; July 8 is the extraction date, not the date the underlying rates were observed.
| NCUA rate category | Credit unions | Banks | Period represented |
|---|---|---|---|
| Home equity loan/LOC average | 7.61% | 8.05% | Rates reported for June 27, 2025 |
| Five-year home equity loan average | 6.78% | 7.39% | Rates reported for June 27, 2025 |
These are institution-level quarterly reported averages, not a live quote, and they do not show what a particular borrower would have qualified for. The table groups home equity loans and lines of credit in its broader loan/LOC average, so it should not be treated as a separate July 8 average for each product. NCUA quarterly rate data
Why July’s later averages differ from the July 8 snapshot
Bankrate’s end-of-July national averages were 8.25% for home equity loans and 8.26% for HELOCs. They are useful as a later-month comparison, but they were published after July 8 and cannot be backdated to answer what rates were on that date. A precise nationwide daily average for both products specifically on July 8 was not established by these figures. Bankrate home equity rate report
Free tools Windows power users keep installed
One-click scans. No signup required.
#1 Best Overall
- Effective Budget Planning - Take control of your finances with the budget account book. This comprehensive planner allows you to plan and track your income, expenses, savings, and financial goals in one convenient place. With its intuitive layout and easy-to-use sections, you can stay organized and make informed decisions to achieve financial success.
- User-Friendly Layout - The budget planner features a user-friendly layout designed for easy navigation and organization. Each month, you'll find dedicated budget pages where you can set financial goals, track your income, and plan your expenses. Additional sections include debt trackers, savings goals, bill payment trackers, and more, making it simple to stay on top of your finances.
- Undated Monthly Calendar & Bonus Stickers - Featuring undated calendar each month, you'll have ample space to mark paydays, bills due, appointments, and important dates. Say goodbye to difficult writing spaces. Plus, we've included 3 cute sticker sheets that allow you to personalize your financial organizer and make budgeting more fun. Dates are not pre-printed and are completed by the user.
- Reliable and Convenient Design - Our monthly budget planner is designed for your convenience and built to last. The elastic band keeps everything securely in place, and the dual-sided pocket provides extra storage. Experience a budget planner that combines practicality and durability.
- Master Budgeting with Ease - Our financial planner includes a complete guidebook that provides valuable insights and instructions for optimal usage. From setting financial goals to tracking expenses, this guidebook offers step-by-step guidance and practical tips. Whether you're new to budgeting or an experienced user, this resource will help you make the most of your budget planner, empowering you to achieve financial success.
For its HELOC average, the FRED-hosted Bankrate Monitor series describes a weekly survey of ten large institutions in ten U.S. markets. Its standard hypothetical profile includes a 700 FICO score, a $30,000 line, 80% loan-to-value, an existing single-family detached home, and primary-residence use. That defined sample is a benchmark, not a promise that a borrower with those exact characteristics—or any other borrower—will receive the average. FRED: Bankrate Monitor HELOC rate series
Home equity loan and HELOC rates work differently
Home equity loan
A home equity loan typically provides a lump sum and has a fixed interest rate, so the rate is generally more predictable over the repayment term. The NCUA’s five-year figures above apply to that specified loan category; they are not a universal offer or an estimate for every term.
Rank #2
- Ideal for Gifting
- Ideal for a bookworm
- Compact for travelling
HELOC
A home equity line of credit (HELOC) is typically revolving credit with a variable rate tied to prime. As the benchmark changes, the rate on a variable-rate balance can change too. TransUnion’s Charlie Wise noted that a decline in prime would also lower the rate on variable-rate HELOC balances by a similar amount, reducing interest payments. Actual account terms govern how and when a rate adjusts. Bankrate’s explanation of home equity rates
How to compare an offer with the published averages
Use a published average as context, then compare the written terms for the specific product and lender. An advertised rate is not a personal approval quote. Check:
- APR and rate structure: distinguish a fixed rate from a variable rate, and review any index, margin, adjustment frequency, caps, or floor disclosed for a HELOC.
- Introductory pricing: confirm how long a promotional rate lasts and what rate applies afterward.
- Fees: compare application, appraisal, closing, annual, transaction, and early-closure charges that appear in the lender’s disclosures.
- Access and repayment: check the line’s draw period and repayment period, or the loan’s payment schedule and term. Confirm whether the lender offers any fixed-rate conversion option and what conditions or costs apply.
- Total borrowing need: a revolving line and a lump-sum loan provide funds differently, so match the structure to when you need the money and how you plan to repay it.
As Bankrate’s Greg McBride put it, product choice depends not only on the rate but also on how a borrower needs to access funds and handle repayment. Bankrate home equity loan and HELOC rate coverage
What the Federal Reserve’s July decision can—and cannot—tell you
The Federal Reserve held its federal funds target range at 4.25%–4.50% at its July 29–30, 2025 meeting, effective July 31. That decision came after July 8, so it was not information available on the article’s as-of date. It is later policy context, not a substitute for the NCUA’s June 27 reported rates or a lender’s offer. Federal Reserve: July 29–30, 2025 FOMC minutes
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Borrowing against home equity carries collateral risk
Both products use the home as collateral. If you cannot make the required payments, you can put your home at risk. Before borrowing, weigh the payment against your budget under the actual contract terms—especially if a HELOC’s variable rate could increase. Bankrate’s home equity borrowing overview
Quick Recap
Best Value
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
