Average rates for home equity lines of credit and loans remain close to March lows despite regional home price fluctuations.
Average HELOC rates stand at 7.21% as of May 29, 2026, just above the 2026 low of 7.19% set in mid-March. Home equity loan rates are at 7.36%, matching the year’s previous low. Both rates reflect borrowers with strong credit profiles and low loan-to-value ratios.
U.S. home prices rose 0.7% in March, according to the S&P CoreLogic Case-Shiller Index, though regional disparities persist. Midwest and Northeast markets saw modest growth, while Sun Belt and Western regions experienced declines. The prime rate remains steady at 6.75%, influencing second mortgage pricing.
Rates are based on an index plus a lender margin, differing from primary mortgage rate structures. Borrower qualifications include a minimum credit score of 780 and a combined loan-to-value ratio below 70%.