National averages for home equity loans and HELOCs remain elevated, reflecting prime rate benchmarks and lender margins.
National average fixed rates for home equity loans stood at 7.86% on July 1, 2026, while adjustable-rate HELOCs averaged 7.25%, according to data from Curinos. Both figures target borrowers with a 780 credit score and a 70% combined loan-to-value ratio.
Home equity products are priced off the prime rate, currently 6.75%, plus a lender-specific margin. A 0.75% margin would yield a 7.50% HELOC rate, though fixed-rate loans may carry different spreads. Rates on second mortgages diverge from first-lien mortgages, which track the 10-year Treasury.
Lender methodologies vary, making comparison shopping critical for borrowers seeking the lowest available rates.