Average HELOC and home equity loan rates remain stable at 7.21% and 7.36%, respectively, matching March lows.
Average home equity line of credit (HELOC) rates stand at 7.21% as of May 8, 2026, down slightly from April’s 7.24%. Fixed-rate home equity loans average 7.36%, a marginal decline from April’s 7.37%. Both rates match 2026 lows first observed in mid-March.
Rates are calculated for applicants with a minimum credit score of 780 and a combined loan-to-value ratio below 70%. The prime rate, a common index for HELOCs, remains at 6.75%, with lenders adding margins to determine final rates. Fixed-rate home equity loans may carry different margins due to their structure.
Lenders retain flexibility in pricing second mortgages, factoring in credit scores, debt levels, and loan amounts.