Personal Finance / Mortgages 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. HELOC and home equity loan interest rates today, Wednesday, June 3, 2026: Rate shopping matters, even when rates are low Tim Manni · June 3, 2026 4 min read When interest rates for home equity loans and lines of credit are at or near their 2026 lows, like they are right now, it doesn't mean rate shopping is any less important or impactful.
Every lender has its own methodology for pricing home equity loans and HELOCs, so comparison shopping will always be worthy of your time. Your finalized rate will depend on your credit score, the amount of debt you have, and the amount of your loan or line of credit relative to your home's worth. Learn more: Discover how much you can borrow with a HELOC HELOC and home equity loan rates: Wednesday, June 3, 2026 Today's national average monthly HELOC adjustable rate is 7.21%.
The average fixed rate on a home equity loan is 7.36%, according to data analytics company Curinos. Both rates are based on applicants with a minimum credit score of 780 and a maximum combined loan-to-value ratio (CLTV) of 70%. Learn more: How to choose: HELOC or home equity loan?
How HELOC and home equity loan interest rates work Home equity interest rates are priced to a different benchmark than primary mortgage rates. First-lien mortgage rates are guided by the 10-year Treasury, while second mortgage rates are based on the prime rate plus a margin. The prime rate is currently 6.75%.
If a lender added a 0.75% margin, the HELOC rate would be 7.50%. A home equity loan may have a different margin because it is a fixed-interest product. Every lender has its own methodology for pricing second mortgage products, such as HELOCs or home equity loans, so it pays to shop around.
Your rate will depend on your credit score, the debt you carry, and the amount of your credit line relative to your home's value. And average national HELOC rates can include super-low "introductory" rates that may last for six months or one year. After that, your interest rate will become variable, likely beginning at a substantially higher rate.
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