Average rates for home equity lines of credit and home equity loans are under 7.5%. If you're planning some spring home upgrades, now is the time to start shopping the best home equity lenders and getting your lowest rate on a second mortgage. HELOC and home equity loan rates: Monday, February 9, 2026 The average HELOC adjustable rate is 7.23%, according to real estate data analytics company Curinos. The national average fixed rate on a home equity loan is 7.44%. Both rates are based on applicants with ...