Rates for home equity lines of credit and home equity loans range from variable rates of 7.23% to fixed rates of 7.44%, just above their 52-week lows. The national average monthly HELOC rate is 7.23%, while the average rate for a home equity loan is 7.44%.

Both rates are based on a minimum credit score of 780 and a maximum combined loan-to-value ratio of 70%. Second mortgage rates are based on an index rate plus a margin, often the prime rate, currently at 6.75%. Pricing flexibility for HELOCs and home equity loans varies by lender.

Some national HELOC rates may include introductory rates lasting for six months or a year, followed by variable rates. However, home equity loans typically do not have introductory teaser rates. The best HELOC lenders offer low fees, a fixed-rate option, and generous credit lines.

Today, FourLeaf Credit Union offers an introductory HELOC rate of 5.99% for 12 months on lines up to $500,000, converting to a variable rate of 7.25% after a year. The best home equity loan lenders provide a fixed rate for the entire repayment period.

It’s essential to compare rates, fees, and repayment terms when selecting a second mortgage lender. The current national average rates for a HELOC and a home equity loan are 7.23% and 7.44%, respectively. Consider a HELOC or home equity loan for various financial needs.

Withdrawing the full $50,000 from a HELOC at a 7.50% interest rate would result in a monthly payment of about $313 during the 10-year draw period. Remember, HELOC rates are variable and can increase over the 20-year repayment period, essentially becoming a 30-year loan.

Read more at Yahoo Finance: HELOC and home equity loan rates today, February 11, 2026: Fractions above 52-week lows