If certain conditions are met, home equity loan rates could decline this fall, experts say. sommart/Getty Images

High interest rates have made it costly to borrow money in recent years. Credit card rates have soared, reaching an average of around 23% at one point, and personal loans haven't been great either, sitting at over 11% for all of 2025.

Fortunately, not all products have been affected as severely. In fact, home equity rates remain fairly affordable, with averages in the low- to mid-8% range, depending on the loan type and term you choose. Rates won't stay there forever, though, especially with a potential rate cut from the Federal Reserve on the horizon.

Are home equity loans still a good option if you need to borrow money this fall? And what can you expect to pay

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