A huge jump in HELOC rates to start the new year. The $30,000 home equity line of soared 59 basis points to 8.22%, as a major lender ended promotions, according to Bankrate’s national survey of lenders. Meanwhile, the benchmark five-year $30,000 home equity loan dropped two basis points to 7.97%. Before tapping into home equity, borrowers should carefully consider whether it’s the right financial tool for their situation, says Carl Holubowich, certified financial planner and principal at the Washington, D ...