Average HELOC rate is 7.25% as Fed considers rate hike
The average HELOC rate is currently 7.25%, with the probability of a rate increase growing with each Fed meeting.
The national average rate on a home equity loan is 7.86%, far from its 2026 low of 7.36%.
Homeowners with home equity and a low primary mortgage rate may consider a second mortgage in the form of a HELOC or HEL to access their home’s growing value.