Average Heloc Rates 2024 Nj. The best home equity loan rates go to borrowers with high incomes and good or excellent credit. The average rate on a home equity line of credit (heloc) dropped to 8.94 percent as of sept.

Here are the average rates for home equity loans and home equity lines of credit as of oct. This rate measures the interest cost of borrowing, while the slightly higher national average annual percentage rate (apr) of 6.72%.