HELOC and home equity loan rates today, February 11, 2026: Fractions above 52-week lows

Core Insights - Home equity lines of credit (HELOC) and home equity loan rates are currently at 7.23% and 7.44% respectively, slightly above their 52-week lows [1][2] Group 1: Current Rates - The national average monthly HELOC rate is 7.23%, down two basis points from the previous month, while the average home equity loan rate is 7.44%, down 12 basis points [2] - Both rates are applicable to applicants with a minimum credit score of 780 and a maximum combined loan-to-value ratio (CLTV) of 70% [2] Group 2: Pricing Mechanism - Home equity interest rates differ from primary mortgage rates, being based on an index rate plus a margin, often linked to the prime rate, which is currently at 6.75% [3] - A typical margin added by lenders could be around 0.75%, resulting in a HELOC rate of approximately 7.50% [3] Group 3: Lender Flexibility and Shopping - Lenders have pricing flexibility for second mortgage products, making it beneficial for borrowers to shop around for better rates [4] - The average national HELOC rates may include introductory rates that last for a limited time before converting to variable rates [4] Group 4: Best Practices for Borrowers - The best HELOC lenders typically offer low fees, fixed-rate options, and generous credit lines, allowing borrowers to utilize their home equity flexibly [6] - When considering lenders, it is important to compare both introductory and standard rates, as well as fees and repayment terms [7][8] Group 5: Current Market Considerations - The current national average for HELOCs and home equity loans serves as a baseline for borrowers when comparing rates from different lenders [9] - It may be a favorable time to consider obtaining a HELOC or home equity loan, as it allows homeowners to leverage their existing low primary mortgage rates for various expenses [10]