HELOC and home equity loan rates are near one-year lows. Average HELOC rate is 7.23%, with low of 7.19%. Home equity loan average rate is 7.44%, with low of 7.38%. Rates based on credit score of 780 and CLTV less than 70%.

Homeowners with low primary mortgage rates may find difficulty accessing growing home equity. Second mortgage like HELOC or HEL can provide a solution. Rates differ from primary mortgages, based on index rate plus margin. HELOC rate example: prime rate + 0.75% = 7.50%.

HELOC introductory rates may be temporary, unlike fixed-rate home equity loans. Lenders have pricing flexibility, so shop around for best rate. Rates depend on credit score, debt amount, and credit line compared to home value. Average national HELOC rate is 7.23%, home equity loan is 7.44%.

Best HELOC lenders offer low fees, fixed-rate option, and generous credit lines. HELOC allows flexible use of home equity up to credit line limit. Look for below-market introductory rates. Compare lenders for best rates and minimum draw amount.

Best home equity loan lenders offer fixed rate that lasts repayment period. Lump sum funds with no draw minimums. Compare fees and repayment terms. Rates vary by lender and location, from nearly 6% to 18%. National average HELOC rate is 7.23%, home equity loan is 7.44%.

Read more at Yahoo Finance: HELOC and home equity loan rates Saturday, February 14, 2026: Clinging near 1-year lows