HELOC and home equity loan rates today, February 6, 2026: Fractions off one-year lows

National mean rates for 2nd owe products, specified arsenic location equity loans and lines of credit, are conscionable fractions disconnected of one-year lows. Well-qualified borrowers are apt to marque up that quality if they store for the champion involvement complaint offers from 2 oregon 3 lenders.

• Find retired however HELOC and location equity indebtedness involvement rates enactment and what you tin expect to pay.

According to existent property analytics steadfast Curinos, the mean HELOC complaint is 7.23%, down conscionable 2 ground points from 1 period ago. The 52-week HELOC debased was 7.19%. The nationalist mean complaint connected a location equity indebtedness is 7.44%, down 12 ground points from past month. The debased was 7.38% successful aboriginal December 2025.

Rates are based connected applicants with a minimum recognition people of 780 and a maximum combined loan-to-value ratio (CLTV) of little than 70%.

Homeowners person a monolithic magnitude of worth tied up successful their houses — astir $34 trillion astatine the extremity of the 3rd 4th of 2025, according to the Federal Reserve.

With owe rates remaining successful the low-6% range, homeowners are improbable to fto spell of their superior owe anytime soon, truthful selling a location whitethorn not beryllium an option. A cash-out refinance mightiness not beryllium workable either. Why springiness up your 5%, 4% — oregon adjacent 3% mortgage?

Accessing immoderate of that worth with a use-it-as-you-need-it HELOC oregon lump-sum location equity indebtedness tin beryllium an fantabulous alternative.

• MORE: Here are our picks for the champion HELOC lenders.

How lenders find HELOC and HEL involvement rates

Home equity involvement rates are calculated otherwise from owe rates. Second owe rates are based connected an scale complaint positive a margin. That scale is often the premier rate, which is 6.75%. If a lender added 0.75% arsenic a margin, the HELOC would person a adaptable complaint of 7.50%.

A location equity indebtedness whitethorn person a antithetic margin, due to the fact that it is simply a fixed-interest product.

Lenders person flexibility with pricing connected a 2nd owe product, specified arsenic a HELOC oregon location equity loan. Your complaint volition beryllium connected your recognition score, the magnitude of indebtedness you carry, and the magnitude of your recognition enactment compared to the worth of your home. Shop a fewer lenders to find your champion involvement complaint offer.

• Learn astir however fixed-rate HELOCs work.

Today, FourLeaf Credit Union is offering a HELOC APR (annual percent rate) of 5.99% for 12 months connected lines up to $500,000. That's an introductory complaint that volition person to a adaptable complaint successful 1 year.

When buying for lenders, beryllium alert of some rates. And arsenic always, comparison fees, repayment terms, and the minimum gully amount. The gully is the magnitude of wealth a lender requires you to initially instrumentality from your equity.

The champion location equity indebtedness lenders whitethorn beryllium easier to find, due to the fact that the fixed complaint you gain volition past the magnitude of the repayment period. That means conscionable 1 complaint to absorption on. And you're getting a lump sum, truthful nary gully minimums to consider.

Rates alteration importantly from 1 lender to the next. You whitethorn spot rates from 6% to arsenic overmuch arsenic 18%. It truly depends connected your creditworthiness and however diligent you are arsenic a shopper. Currently, the nationalist mean for a HELOC is 7.23%, and for a location equity indebtedness it's 7.44%.

Interest rates fell for astir of 2025. They are expected to stay dependable done the archetypal fractional connected 2026. So yes, it's a bully clip to get a 2nd mortgage. And with a HELOC oregon a HEL, you tin usage the currency drawn from your equity for things similar location improvements, repairs, and upgrades. Or conscionable astir thing else.

If you retreat the afloat $50,000 from a enactment of recognition connected your location and wage a 7.50% involvement rate, your monthly outgo during the 10-year gully play would beryllium astir $313. That sounds good, but retrieve that the complaint is usually variable, truthful it changes periodically, and your payments volition summation during the 20-year repayment period. A HELOC fundamentally becomes a 30-year loan. HELOCs are champion if you get and repay the equilibrium wrong a overmuch shorter play of time.