Home Line of Credit Rates

Written by True Tamplin, BSc, CEPF®

Reviewed by Subject Matter Experts

Updated on March 29, 2023

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The average interest rate for a home equity line of credit, or HELOC, is 5.35% as of 2020.

Your exact rate will depend on factors such as your credit score and the amount of equity in your home.

Generally, you can get the best rate by maintaining a good credit score, knowing the value of your home, and being willing to shop around.

Home Line of Credit Rates FAQs

About the Author

True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website, view his author profile on Amazon, or check out his speaker profile on the CFA Institute website.

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