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HELOC and home equity loan rates are within 2 basis points
Curinos data show the average adjustable HELOC rate at 7.23%, while the fixed-rate home equity loan average is 7.36%.
Yahoo Finance reports that the gap between today’s average home equity loan rate and the average HELOC rate is only 2 basis points, based on data from Curinos, a real estate data analytics company.
The average HELOC adjustable rate is 7.23%, with a 2026 low of 7.19% last seen 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.
Both rates are calculated for 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 such as the prime rate, with lenders adding a margin based on borrower risk factors including credit score, debt-to-income ratio, and loan-to-value ratio.
The article notes that home equity loans are typically fixed-rate products, meaning the interest rate stays the same for the term, and that lenders may charge origination fees and other closing costs when taking out either type of loan.