National average HELOC and home equity loan rates remain at 7.21% and 7.36%, respectively, amid a 0.9% annual increase in home prices.
National average rates for home equity lines of credit and home equity loans stand at 7.21% and 7.36%, respectively, as of May 13, 2026. These rates apply to borrowers with a minimum credit score of 780 and a combined loan-to-value ratio of 70% or lower.
Home prices continued to climb, with the median existing home price rising 0.9% year-over-year in April. The increase suggests growing homeowner equity, potentially expanding borrowing capacity for those considering second mortgages.
Second mortgage rates are tied to the prime rate, currently at 6.75%, plus a lender-specific margin. Borrowers may find varying rates depending on credit profiles, debt levels, and lender pricing models.