Current Home Equity Line of Credit (HELOC) Rates

See below for HELOC interest rates available as of June 9, 2023 . You can use the links below to navigate to our other interest rate pages. Note that interest rates are generally subject to market conditions and can change at any time.

What is the difference between a “home equity loan” and a “home equity line of credit”? The terms are often used interchangeably by mortgage professionals and homeowners. Both typically refer to a second mortgage product used to cash out home equity, but they function in different ways. A home equity line of credit, or HELOC, usually has a variable rate (but not always) and a revolving credit line that can be borrowed against and repaid whenever you like. A home equity loan usually features a fixed rate and the full loan amount is borrowed at closing and repaid on a monthly basis over a set loan term (such as 10 years, 15 years, etc.).

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About Mike Roberts

Mike Roberts is the founder of, an author, and a highly experienced veteran of the mortgage industry. When he's not working, he enjoys spending time with his family, skiing, camping, traveling, or reading a good book. Roberts is the author of The Reverse Mortgage Revealed: An Industry Insider’s Guide to the Reverse Mortgage, which is available on Amazon.