HELOC and home equity loan rates today, June 12, 2026: With rates rising, understand how equity rates work

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Understanding how equity rates work is more vital now that rates are rising. Lenders have flexibility in pricing a HELOC or home equity loan , but your rate will depend on your credit score, the amount of debt you carry, and the amount of your loan or line relative to your home's value. Shop a few lenders to find your best interest rate offer.

Learn more: Find out how HELOC and home equity loan interest rates work and what you can expect to pay

The average HELOC rate is 7.25% , according to real estate analytics firm Curinos. The 2026 HELOC low was 7.19% in mid-March and then again in May. The national average rate on a home equity loan is 7.86% . The 2026 HEL low was 7.36%, observed in March and just last month.

Rates are based on applicants with a minimum credit score of 780 and a maximum combined loan-to-value ratio (CLTV) of less than 70%.

Home equity interest rates work differently from mortgage rates. Second mortgage rates are based on an index rate plus a margin. That index is often the prime rate, which remains at 6.75%. If a lender added 0.75% as a margin, the HELOC would have a variable rate of 7.50%.

A home equity loan may have a different margin because it is a fixed-interest product.

Lenders have flexibility with pricing on a second mortgage product, such as a HELOC or home equity loan . Your rate will depend on your credit score, the amount of debt you carry, and the amount of your credit line compared to the value of your home. Shop a few lenders to find your best interest rate offer.