The difference between the current home equity loan (HEL) rate and the average HELOC rate is 33 basis points, according to real estate data analytics company Curinos. When rates are this far apart, choosing the right option isn't just about the lower rate. How you plan to use your funds will determine the loan product that is best for you. Learn more: What a Fed rate hike means for your money HELOC and home equity loan rates: Monday, September 21, 2026 The average HELOC adjustable rate is 7.09%, a n ...