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 rates, Monday, May 11, 2026: HELOC rates close to matching 2026 low Tim Manni · May 11, 2026 4 min read Home equity loan and HELOC rates edged downward last week.
HELOC rates are just two basis points away from tying the 2026-HELOC low of 7.19% observed back in Mid-March. HELOC and home equity loan rates: Monday, May 11, 2026 The average HELOC adjustable rate is 7.21%, according to real estate data analytics company Curinos. The national average fixed rate on a home equity loan is 7.36%.
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%. HELOC or home equity loan: What are the benefits? A HELOC allows you to draw from your approved line of credit as you need it.
A home equity loan gives you a lump sum. With first-mortgage rates not moving significantly lower, homeowners with home equity and a low primary mortgage rate may not be able to access that growing value in their home without a home equity loan or HELOC. The Federal Reserve estimates that homeowners have $34 trillion of equity in their homes.
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 excellent solution. Learn more about how second mortgages work How HELOC and home equity loan interest rates differ Second mortgage rates are based on an index rate plus a margin. That index for a home equity line of credit is often the prime rate, which has fallen 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-rate product. Lenders have flexibility with pricing on a second mortgage product, such as a HELOC or home equity loan, so it pays to shop around.
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