The average HELOC rate is 7.24%, with a 52-week low of 7.19%, while fixed-rate home equity loans average 7.37%, the lowest since early December 2025. Rates vary by lender and depend on credit score and debt. HELOCs may have short-term introductory rates that later adjust, unlike fixed-rate loans. These products allow homeowners to access equity without refinancing, with payments structured in draw and repayment phases.