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Homeowners Gain Equity Access: HELOCs and Loans Explained

2/19/2026

36 8 Full Breakdown

Summary

Story summary

As of February 18, 2026, homeowners can borrow against home equity through two options: home equity lines of credit (HELOCs) and home equity loans, to leverage their equity.
The average HELOC interest rate is 7.24%.
The average home equity loan rate is 6.96%, and these loans offer fixed rates.
HELOCs have variable rates that can decrease with market conditions.
Borrowers should ensure they can repay borrowed amounts to avoid foreclosure.

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Story summary

As of February 18, 2026, homeowners can borrow against home equity through two options: home equity lines of credit (HELOCs) and home equity loans, to leverage their equity.
The average HELOC interest rate is 7.24%.
The average home equity loan rate is 6.96%, and these loans offer fixed rates.
HELOCs have variable rates that can decrease with market conditions.
Borrowers should ensure they can repay borrowed amounts to avoid foreclosure.