HELOC and home equity loan rates today, February 3, 2026: With more Fed rate cuts on hold, rates are likely to level out

Rates for home equity lines of credit and home equity loans are hovering near multi-year lows. Second mortgage rates peaked in late 2023 and have trended mostly lower since. With the Federal Reserve putting further interest rate cuts on the shelf for now, home equity rates may level out. HELOC and home equity loan rates Tuesday, February 3, 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 equity loan is 7.56%. ...