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The interest rates on both home equity loans and home equity lines of credit have moved lower today.
While the downward moves weren’t substantial, both sets of rates are either at or near 2026 lows.
How HELOC and home equity loan rates work and what you can expect to pay According to real estate analytics firm Curinos, the average adjustable-rate HELOC is7.21%, three basis points lower than one month ago.
The 2026 HELOC low was 7.19% in mid-March.
The national average rate on a fixed-ratehome equity loanis7.36%, down just one basis point from last month, but it matches the 2026 low we first saw in mid-March.
Rates are based on applicants with a minimum credit score of 780 and a maximumcombined loan-to-value ratio (CLTV)of 70% or less.
Choosing between a HELOC and a HEL depends on how you want to use the money.
A HELOC allows you to draw from your approved line of credit as you need it.
One catch: Recently, many HELOC lenders have beenrequiring larger and larger minimum immediate withdrawals.
That can mostly erase one of the primary benefits of a HELOC, which is getting cash as you need it — and paying interest only on the amount you borrow.
You may want to consider HELOC lenders that don't have high initial draws.
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