HELOC rates average 7.25%, with Fed rate hike probability increasing
The average HELOC rate is 7.25%, with a low of 7.19% in mid-January and March.
The probability of a Fed rate hike grows with each meeting, reaching 33.8% in September and 47.8% by December.
Home equity loan rates are also high, with a national average of 7.86%, far from the 2026 low of 7.36% in mid-March and April.
Homeowners may consider a second mortgage in the form of a HELOC or home equity loan to access growing home value