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HELOC and home equity loan rates stay tightly clustered
The average HELOC rate is 7.23% and the fixed-rate home equity loan average is 7.36%, a spread of just 2 basis points.
Yahoo Finance reports that the gap between current home equity loan rates and average HELOC rates is very small, with Curinos data showing the difference is about 2 basis points.
According to Curinos, the average HELOC adjustable rate is 7.23%, with a 2026 low of 7.19% recorded in mid-May. The national average fixed-rate home equity loan rate is 7.36%, up from its 2026 low of 7.31% in late June.
The rates cited are based on applicants with a minimum credit score of 780 and a maximum combined loan-to-value ratio under 70%, and most HELOCs are variable-rate products tied to an external benchmark such as the prime rate.
Yahoo Finance also notes that lenders typically add a margin based on borrower risk factors including credit score, debt-to-income ratio, and loan-to-value, while home equity loans are generally fixed-rate products with the same interest rate for the term.