HELOC and home equity loan rates today, Tuesday, June 9, 2026: Home equity activity driven by low rates
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure . According to the June 2026 ICE Mortgage Monitor report , American homeowners tapped their home equity at the hig
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure .
According to the June 2026 ICE Mortgage Monitor report , American homeowners tapped their home equity at the highest Q1-level in five years, as more and more homeowners chose not to give up low rates on their first mortgages. Affordable rates on home equity loans and lines of credit make it easier for homeowners to decide to stay and improve rather than sell.
According to real estate analytics firm Curinos, the average adjustable-rate HELOC is 7.25% . The 2026 HELOC low was 7.19% in mid-March. The national average rate on a fixed-rate home equity loan is 7.86% , up appreciably from last month, and far from its 2026 low of 7.36% we observed in mid-March and in much of May.
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%.
Choosing between a HELOC and a home equity loan is easy when you consider what you're using it for. A HELOC allows you to draw cash from your approved line of credit, pay it off, then tap it again. A home equity loan gives you a lump sum.
With 30-year and 20-year mortgage rates still above 6%, homeowners with home equity and a favorable primary mortgage rate well below that may feel frustrated by not being able to access the growing value in their home. For those who are unwilling to give up their low home loan rate, a second mortgage in the form of a HELOC or HEL can be an appealing solution.
Home equity interest rates work differently than primary mortgage rates. Second mortgage rates are based on an index rate plus a margin. That index is often the prime rate, which today is down to 6.75%. If a lender added 0.75% as a margin, the HELOC would have a variable rate beginning at 7.50%.
A home equity loan may have a different margin because it is a fixed-interest product.
