Rates for home equity lines of credit and home equity loans are maintaining their multi-year lows. Second mortgage rates hit their highest rates in decades in late 2023 and have been generally declining ever since. With the lowest rates in three years, now is a good time to shop lenders for your best offer. HELOC and home equity loan rates Tuesday, January 27, 2026 According to real estate analytics firm Curinos, the average monthly HELOC rate has fallen to 7.25%. The national average rate on a home equ ...