HELOC Rates Today: Current Home Equity Line of Credit Rates
Last Updated: March 25, 2026
HELOC rates (home equity line of credit rates) are typically variable, meaning they can change over time based on market conditions.
With FBKC Mortgage, your rate will depend on factors like your credit profile, available home equity, and overall financial picture.
👉 Check current HELOC rates and see how much you may qualify for below.
All interest rates are subject to change without notice
Rate/APR
Loan Amount
Example Monthly Payment
20-Year Term
6.75% / 6.7500%
$1,652.40 fees
$120,000
$675 monthly payment at 6.75% interest rate on a 20 year term
Rates effective as of March 25, 2026
This chart is for illustrative purposes only and is subject to change without notice. Credit subject to approval. Loan quotes subject to change and may vary based on terms and conditions. This is not a credit decision, guarantee, or a commitment to lend. Note: If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner’s insurance premiums. Example: The information provided assumes the purpose of the loan is a HELOC, with a loan amount of $120,000, and an estimated property value of $600,000 and a credit score of 740. The property is an existing single family home and will be used as a primary residence.
HELOC Rate Trends
HELOC rates tend to move with the prime rate, which is influenced by economic conditions and Federal Reserve policy. Staying informed on rate trends can help you time your borrowing more effectively.
When the prime rate rises:
- HELOC rates typically increase
When the prime rate falls:
- HELOC rates may decrease
HELOC rates in 2026 have generally trended downward from their recent highs, following multiple Federal Reserve rate cuts in late 2025. Because HELOC rates are tied to the prime rate, they tend to adjust quickly when broader interest rates shift. As a result, average HELOC rates have settled into the low-to-mid 7% range, with national averages around 7.1% to 7.3% in early 2026, marking some of the lowest levels seen in the past few years.
Looking ahead, rate movement will continue to depend heavily on inflation and Federal Reserve policy. If additional rate cuts occur later in 2026, HELOC rates could gradually decline further, potentially improving affordability for borrowers. However, because HELOCs have variable rates, they can also rise if market conditions change, making timing and ongoing rate monitoring especially important for homeowners considering tapping into their equity.
How HELOC Rates Work
HELOC rates are usually structured as:
Prime Rate + Margin = Your Rate
Your margin is determined by your financial profile, including:
- Credit score
- Loan-to-value ratio
- Income and debt levels
Your FBKC loan officer can help you understand how your rate is calculated.
Frequently Asked Questions About HELOC Rates
With reliable and easy to understand answers.
What are HELOC rates today?
HELOC rates vary daily and are typically tied to the prime rate. Your exact rate depends on your financial profile and loan details.
Are HELOC rates higher than mortgage rates?
HELOC rates are often higher than first mortgage rates because they are second-position loans and carry more risk.
Do HELOC rates change over time?
Yes. Most HELOC rates are variable and can change as market rates and the prime rate move.
What is a good HELOC rate?
A good HELOC rate depends on market conditions and your financial profile. Strong credit and higher equity typically result in better rates.
How often do HELOC rates change?
HELOC rates can change monthly or quarterly depending on how your loan is structured.
Can you lock in a HELOC rate?
Some HELOC programs allow you to lock in a fixed rate on part of your balance. Your FBKC loan officer can explain available options.
Are HELOC Rates Fixed or Variable?
Most HELOCs have variable interest rates, meaning your rate can change over time.
Some programs may offer:
- Introductory rates
- Fixed-rate options on portions of your balance
Your FBKC loan officer can walk you through available options.
What Affects HELOC Rates?
Several factors influence your HELOC rate with FBKC Mortgage:
- Credit score
- Home equity (loan-to-value ratio)
- Income and financial stability
- Market conditions
- Property type
Stronger financials may help you qualify for lower rates.
What’s the difference between interest rate and APR?
The interest rate is the cost of borrowing the loan amount, while APR (Annual Percentage Rate) includes both the interest rate and additional costs like fees and points. APR gives you a more complete picture of the total cost of the loan.
Get Your Custom Rate Quote
Every borrower is different, and so is every rate. Check your personalized HELOC quote today