Home equity loans have fixed interest rates, which means the rate you receive will be the rate you pay for the entirety of the loan term. As of April 24, 2024, the current average home equity loan interest rate is 8.63 percent. The current average HELOC interest rate is 9.10 percent.

The average rate on a home equity line of credit (HELOC) remains at 9 percent as of April 17, according to Bankrate’s survey of large lenders, averaging 9.07 percent. HELOCs come with variable interest rates, which change based on the prime rate, in turn tied to Federal Reserve policy.

Average HELOC rates are around 9%, according to data from CNET’s sister site Bankrate. The Fed appears to be at the end of its rate-hike cycle, but homeowners will have to wait for lower HELOC rates. The central bank isn’t likely to start cutting interest rates until later this summer, and HELOC rates should remain steady in the meantime.

Today’s HELOC rates for a $100,000 credit line held steady, depending on the borrower’s loan-to-value (LTV) ratio. 60% LTV: 9.12% 80% LTV: 9.29% 90% LTV: 10.12%

As of November 6, 2023, the variable rate for Home Equity Lines of Credit ranged from 8.95% APR to 13.10% APR. Rates may vary due to a change in the Prime Rate, a credit limit below $50,000, a loan-to-value (LTV) above 60% and/or a credit score less than 730.