It could soon be a bit easier to find a home equity borrowing rate under 8%, experts say. DEV IMAGES/Getty Images

Last month, the Federal Reserve lowered its benchmark rate for the first time in 2025, and according to expert forecasts, there's a good chance of more Fed rate cuts later this year. For borrowers, that means lower interest rates are likely on the horizon.

With this in mind, many homeowners might be thinking about borrowing from their home equity , especially considering that the average homeowner has over $300,000 worth of it to tap. But how low could home equity loan rates drop this fall? And could they fall below the 8% mark for the first time in a while?

Find out how affordable today's home equity borrowing options could be here .

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