National average HELOC and home equity loan rates remain below 7.4% amid rising home values and strong demand for borrowing.
The national average adjustable rate for home equity lines of credit stood at 7.21% on May 20, 2026, while fixed-rate home equity loans averaged 7.36%. Both rates reflect borrowers with a minimum credit score of 780 and a maximum combined loan-to-value ratio of 70%.
Home prices continue to rise year-over-year, driven by tight supply and steady demand. The prime rate, currently at 6.75%, serves as the benchmark for second mortgages, with lenders adding margins to determine final rates. HELOC rates typically track the prime rate plus a margin, while home equity loans may carry different pricing due to their fixed nature.
Lender methodologies vary, making rate shopping critical for borrowers. Factors such as credit score, debt levels, and loan-to-value ratios influence individual offers.