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Average HELOC and fixed home equity loan rates rise in July
The average HELOC adjustable rate is 7.23%, while the fixed-rate home equity loan average is 7.36% as pricing depends on credit score and loan size versus home value.
Rates for home equity borrowing continued to shift in mid-July, with lenders pricing HELOCs and home equity loans based largely on borrower risk and the relationship between the loan or line and the property value.
According to Yahoo Finance, the average HELOC adjustable rate is 7.23%, near the 2026 low of 7.19% observed in mid-May. The national average rate on a fixed-rate home equity loan is 7.36%, up from its 2026 low of 7.31% in late June, with both averages based on applicants with a minimum credit score of 780 and a maximum combined loan-to-value ratio under 70%.
Most HELOCs are variable-rate products tied to an external benchmark, typically the prime rate, so changes in that underlying rate generally flow through to the HELOC rate. Yahoo Finance also notes that fixed-rate home equity loans generally keep the same interest rate for the entire term and may include origination fees and other closing costs.