To conduct the National Average survey, Bankrate obtains rate information from the 10 largest banks and thrifts in 10 large U.S. markets. The rates shown above are calculated using a loan or line amount of $30,000, with a borrower FICO score of 700 and a combined loan-to-value ratio of 80 percent.
Note: The above APRs are current as of June 18, 2025. The exact APR you might qualify for depends on your credit score and other factors, such as whether you're an existing customer or enroll in auto-payments.
National HELOC interest rate trends - June 18, 2025
HELOCs rise as Fed holds steady on interest rates
HELOC rates bobbed up again in the latest week, even as the Federal Reserve left interest rates unchanged for the fourth meeting in a row. The average $30,000 line of credit HELOC rate rose five basis points to 8.27 percent, according to Bankrate’s national survey of large lenders.
Home equity credit lines have variable interest rates that change based on the prime rate, which is tied to changes in Federal Reserve policy. At its latest meeting in June, the Fed voted to leave interest rates steady, as it weighs inflation risks and the impact of President Trump’s tariffs on the economy.
In addition to the Fed’s moves, HELOC averages can also change because one or more home equity lenders markets an especially generous rate for a promotional period. That’s one reason why it often pays to search around for HELOC offers, at least for one of these temporary “teaser rates.”
Even with this week’s gains, HELOCs are more attractively priced than unsecured personal loans, which currently average 12.65 percent, and credit cards, which average 20.12 percent.
If you’re looking to finance a renovation and have equity to tap, a line of credit could be less expensive than a home improvement loan. It’d also save you from a cash-out refinance, which could mean giving up a low rate on your mortgage in exchange for a new one.
A line of credit isn’t the only way to leverage your home’s equity. Another option: home equity loans, or second mortgages, which come with fixed interest rates. As of June 18, the average rates for 5-, 10-, and 15-year $30,000 loans were 8.25 percent, 8.41 percent and 8.34 percent, respectively, according to Bankrate’s survey.
Ultimately, your decision on how to tap your home equity hinges upon your overall financial situation and what you're planning to use the money for, says Ted Rossman, senior industry analyst at Bankrate. “For example, if you really need to finance a new roof, a home equity loan or line of credit could be a viable option. If it's something more discretionary, maybe it makes sense to hold off until you can make that purchase without taking on debt.”
Your potential HELOC rate also depends on where your home is located. As of June 11, 2025, the current average HELOC interest rate in the 10 largest U.S. markets is 8.22 percent.
To conduct the National Average survey, Bankrate obtains rate information from the 10 largest banks and thrifts in 10 large U.S. markets. The rates shown above are calculated using a loan or line amount of $30,000, for a borrower with a FICO score of 700 and a combined loan-to-value ratio of 80 percent.