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HELOC and fixed home equity loan rates move, averaging 7%+ in August
The average HELOC rate is 7.16% and the fixed-rate home equity loan average is 7.35%, with both rates based on applicants with a minimum 780 credit score and CLTV under 70%.
Higher interest rate volatility is making home equity borrowing costs more sensitive, according to guidance from Yahoo Finance summarizing current HELOC and home equity loan pricing.
For Friday, August 7, 2026, Yahoo Finance cites Curinos data showing the average HELOC adjustable rate at 7.16%, described as a new 2026 low. It also puts the national average fixed-rate home equity loan at 7.35%, up slightly from a 2026 low of 7.31% in late June.
The outlet notes that lenders can price HELOCs and home equity loans differently, with rates largely depending on credit score, the amount of existing debt, and the loan or line size relative to home value. Those averages are based on applicants with a minimum credit score of 780 and a maximum combined loan-to-value ratio (CLTV) below 70%.
Yahoo Finance adds that most HELOCs are variable-rate products tied to an external benchmark, commonly the prime rate, so the HELOC rate generally follows changes in that reference rate. It also says home equity loans are typically fixed-rate products where the interest rate stays the same for the full term, and that lenders may charge origination fees and other closing costs.