The national average rate for second mortgage products, such as home equity loans and lines of credit, continues to hold close to multi-year lows. The prime rate, a benchmark for home equity lending, isn't expected to move lower anytime soon, as the Federal Reserve ponders its next interest rate move. HELOC and home equity loan rates: Friday, January 23, 2026 According to Curinos data, the average HELOC rate is 7.25%, down 19 basis points from last month. The national average rate on a home equity loan i ...