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April 14, 2026 / 11:22 AM EDT / CBS News
A report last week showing inflation surging once again may have been unwelcome, but it wasn't surprising for millions of Americans.
While a rate of 3.3% is the highest it's been in years, many Americans have already seen that number translate into higher costs for everyday expenses.
And they've been unable to realize any major relief when interest rates on borrowing products like personal loans and credit cards have been in the double digits.
Credit card rates , in particular, are averaging over 20% currently, making them one of the least effective ways to borrow money and make ends meet right now.
What are today's HELOC interest rates?
The average HELOC interest rate is 7.14% as of April 14, 2026, according to Money.com.
The APR ranges from 6.05% to 8.15% now.
That said, a HELOC has a variable rate that will change each month according to market conditions.
In other words, if rates fall later this year, your HELOC costs will likely decline, too.
But if they increase, your HELOC rate may tick up.
So you'll want to budget for both scenarios before applying for the line of credit.
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Source: This article was originally published by CBS News
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