Interest rates on home equity lines of credit (HELOCs) and home equity loans are averaging in the low to mid 7% range. If you're looking to access some home equity without selling or refinancing away your low primary mortgage rate, a second mortgage could be the answer you're looking for. HELOC and home equity loan rates: Sunday, January 25, 2026 The average HELOC rate is 7.25%, according to real estate analytics firm Curinos. The national average rate on a home equity loan is 7.56%. Both rates are base ...