HELOC and home equity loan rates today, Monday, August 10, 2026: A 19-basis-point differential

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The difference between the current home equity loan rate and the average HELOC rate is 19 basis points, according to Curinos, a real estate data analytics company. Choosing the right loan option doesn't come down to just rates. It's how you plan to use your funds that will dictate the loan product that is best for you.

The average HELOC adjustable rate is 7.16% , a new 2026 low, according to real estate data analytics company Curinos.

The national average rate on a fixed-rate home equity loan is 7.35% , up slightly from its 2026 low of 7.31% in late June.

Both 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%.

Most HELOCs are variable-rate products, meaning their interest rates are tied to an external interest rate. When that rate rises or falls, the rate on your HELOC generally follows suit.

HELOCs are typically tied to the prime rate , the baseline rate banks currently charge their most creditworthy customers.

The best HELOC lenders will assess the risk any borrower presents and add a margin to protect themselves. Riskier borrowers will have larger margins, while those considered less risky will receive smaller ones. Factors such as your credit score, debt-to-income ratio (DTI), and loan-to-value ratio (LTV) will all be considered in this assessment.