HELOC Interest Rates Hit 7.07% Average in April 2026
Home equity line of credit (HELOC) rates averaged 7.07% nationally as of April 15, 2026, according to Bankrate's survey of major lenders. Navy Federal Credit Union offers rates as low as 7.000% APR for borrowers with 750 credit scores.
Homeowners looking to tap into their house equity are facing HELOC rates around 7% in April 2026. The national average sits at 7.07%, based on Bankrate's latest survey of the 10 largest home equity lenders across major U.S. markets.
Navy Federal Credit Union is offering some of the most competitive rates, with APRs starting at 7.000% for home equity lines of credit. The credit union's rates can go up to 8.000% for interest-only payments, assuming borrowers have credit scores of 750 or higher.
A HELOC works like a credit card secured by your home. You can borrow up to a certain limit based on your house value, then pay interest only on what you use. The rates are variable, meaning they can change over time.
Bankrate's survey covers rate data from major banks and thrifts in 10 large metropolitan areas. These rates represent what most homeowners can expect when shopping for home equity products right now.
HELOCs let homeowners borrow against their house value for major expenses like renovations or debt payoff. Current rates are still relatively affordable compared to credit cards, which often charge 20% or more.
HELOC rates will likely continue fluctuating based on broader interest rate movements and economic conditions.
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