Money Home equity loans vs HELOCs: Both are seeing big growth. What that means. March 1, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on Home equity loans vs HELOCs: Both are seeing big growth. What that means. HELOCs were up 41% year-over-year in the third quarter of 2022, while home equity loan originations grew 47% year-over-year in 2022.