HELOC and home equity loan rates today, Monday, September 21, 2026: A 33-basis-point differential

As of Monday, September 21, 2026, the gap between home equity loan (HEL) rates and adjustable HELOC rates is 33 basis points, according to Curinos, a real estate data analytics company. This 33-basis-point differential between the national average HEL rate of 7.42% and the HELOC rate of 7.09% provides homeowners with a choice beyond simply opting for the lower rate. The decision should take into account how the funds will be used.

The 7.09% average HELOC adjustable rate is the lowest 2026 figure reported by Curinos. For HELs, the national average fixed-rate rate has risen from its 2026 low of 7.31% in late June to the current 7.42%. Both rates are contingent upon borrowers meeting specific criteria, including a minimum credit score of 780 and a maximum combined loan-to-value ratio (CLTV) lower than 70%.

HELOCs are predominantly variable-rate products, with interest rates aligned to the prime rate, the benchmark rate banks charge their most creditworthy customers. HELOC rates can vary based on individual risk assessments, so borrowers with higher credit scores and lower debt-to-income ratios may receive lower margins. The Federal Reserve's federal funds rate and macroeconomic conditions also influence HELOC and HEL rates, although fixed-rate options for HELOCs are relatively uncommon.

When considering the loan requirements, lenders typically require a borrower to demonstrate solid credit history, proof of sufficient income, and a home appraisal to establish current market value. Borrowers may also face origination fees, closing costs, and other charges from lenders. Shopping around for the best interest rates and the fewest fees is advisable, as rates can range from nearly 6% to as high as 18%, depending on creditworthiness and the thoroughness of the shopping process.