Current HELOC and Home Equity Loan Interest Rates

In the current high-interest rate environment, homeowners can benefit from borrowing through home equity loans or HELOCs, which typically offer lower rates than personal loans and credit cards. As of January 29, 2026, average rates are 7.92% for 5-year home equity loans, 8.09% for 10 and 15-year loans, and 7.44% for HELOCs. These options not only provide access to funds but also offer potential tax benefits if used for eligible home improvements. However, homeowners should carefully evaluate lenders and terms to ensure they select the best product for their financial situation.