HELOC Rate Index
What borrowers actually paid: the median starting rate on HELOCs funded by Shawn Way's team, month by month since August 2023, from 9,496 funded loans. Updated monthly.
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What is the latest HELOCHQ HELOC Rate Index?
The HELOCHQ Rate Index for October 2026 is 9.05%: the median starting rate on 351 HELOCs Shawn Way's team funded that month, up 0.15 points from September 2026 and up 0.61 points from October 2025. These are rates borrowers actually received, not advertised rates.
On this page
HELOC rates by month
Use a free calculator, or get your HELOC rate from Shawn.
Every month in the index
| Month funded | HELOCs | Median rate | Fixed | Variable | Prime (mid-month) |
|---|---|---|---|---|---|
| October 2026 | 351 | 9.05% | 8.98% | 9.90% | 7.00% |
| September 2026 | 451 | 8.90% | 8.65% | 10.53% | 6.75% |
| August 2026 | 470 | 8.97% | 8.90% | 9.73% | 6.75% |
| July 2026 | 498 | 8.90% | 8.75% | 9.95% | 6.75% |
| June 2026 | 467 | 8.90% | 8.85% | 8.95% | 6.75% |
| May 2026 | 428 | 8.60% | 8.60% | 9.15% | 6.75% |
| April 2026 | 425 | 8.60% | 8.60% | 7.92% | 6.75% |
| March 2026 | 431 | 8.05% | 8.09% | 7.83% | 6.75% |
| February 2026 | 321 | 8.45% | 8.32% | 8.88% | 6.75% |
| January 2026 | 249 | 8.25% | 8.30% | 7.40% | 6.75% |
| December 2025 | 317 | 8.40% | 8.40% | 9.15% | 6.75% |
| November 2025 | 406 | 8.32% | 8.20% | 9.41% | 7.00% |
| October 2025 | 477 | 8.44% | 8.35% | 9.66% | 7.25% |
| September 2025 | 509 | 8.55% | 8.45% | 10.19% | |
| August 2025 | 459 | 8.90% | 8.75% | 9.85% | |
| July 2025 | 421 | 8.95% | 8.95% | 10.45% | |
| June 2025 | 335 | 9.00% | 9.00% | 8.81% | |
| May 2025 | 266 | 9.35% | 9.20% | 11.50% | |
| April 2025 | 280 | 9.25% | 9.18% | 11.35% | |
| March 2025 | 282 | 9.09% | 9.00% | 9.82% | |
| February 2025 | 186 | 9.78% | 9.80% | 8.88% | |
| January 2025 | 109 | 9.75% | 9.75% | ||
| December 2024 | 101 | 10.05% | 10.02% | ||
| November 2024 | 111 | 10.00% | 10.10% | 9.24% | |
| October 2024 | 118 | 9.44% | 9.45% | ||
| September 2024 | 115 | 10.15% | 10.27% | ||
| August 2024 | 133 | 10.55% | 10.53% | ||
| July 2024 | 98 | 10.47% | 10.45% | ||
| June 2024 | 85 | 11.60% | 11.62% | ||
| May 2024 | 120 | 11.69% | 11.85% | ||
| April 2024 | 104 | 10.82% | 10.85% | ||
| March 2024 | 92 | 10.20% | 10.20% | ||
| February 2024 | 75 | 9.80% | 9.80% | ||
| December 2023 | 38 | 11.50% | 11.55% | ||
| November 2023 | 30 | 11.28% | 12.47% | ||
| October 2023 | 35 | 11.90% | 12.15% | ||
| September 2023 | 56 | 11.50% | 11.60% | ||
| August 2023 | 47 | 11.65% | 11.65% |
Fixed and variable medians are shown when a month has at least 15 of that type. Prime is shown from the start of the site's dated prime-rate log. Download the index (CSV), free to reuse with credit under CC BY 4.0.
Median rate by credit score, last six months
| Credit score | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 | Oct 26 |
|---|---|---|---|---|---|---|
| 760+ | 7.50% | 7.65% | 7.53% | 7.70% | — | 7.88% |
| 720–759 | 8.20% | 7.93% | 8.05% | 8.40% | — | 9.24% |
| 680–719 | 8.90% | 8.95% | 9.03% | 9.15% | 9.65% | 9.25% |
| 640–679 | 10.95% | 10.50% | 10.75% | 10.40% | — | 10.88% |
| Under 640 | 11.20% | 11.45% | 11.50% | 12.70% | — | 11.45% |
A dash means fewer than 10 HELOCs in that band and month.
How the index is calculated
The index is the median (middle) starting interest rate on every HELOC funded by loan officers on Shawn Way's team at West Capital Lending in a calendar month, counted by the month the loan funded. It includes fixed-rate and variable-rate lines, all credit scores, property types and line sizes, in every state the team lends. A month is published only when it has at least 30 funded HELOCs. The records come from West Capital Lending funding data and contain no names, addresses or account details. This is one lending team's results, not a national survey, and the mix of borrowers changes from month to month, which moves the median as well as market rates do.
Historical starting rates on funded loans, not an offer or a quote. Your rate depends on your credit, equity, line size, property, state and the date you apply. For today's typical ranges see HELOC rates today; for more figures from the same data see HELOC statistics.
How to cite the index
HELOCHQ Rate Index, October 2026, based on HELOCs funded by Shawn Way's team at West Capital Lending. https://helochq.com/learn/heloc-rate-index/
Questions about the index
What is the HELOCHQ Rate Index?
The HELOCHQ Rate Index is the median starting rate on HELOCs actually funded by Shawn Way's team each month, published with a stated method and a downloadable file, so you can see what borrowers paid rather than what lenders advertise.
Why is the index different from advertised HELOC rates?
Advertised rates usually assume excellent credit, low loan-to-value and an introductory discount. The index covers every funded HELOC, including borrowers with lower scores, higher loan-to-value and investment properties, so it runs higher than the best advertised rates.
How often is the HELOC Rate Index updated?
The HELOC Rate Index is updated at least monthly, each time the site is rebuilt with new funding data from Shawn Way's team. The latest month is October 2026.
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Sources
Official sources behind this guide.
- What is the difference between a home equity loan and a HELOC? · Consumer Financial Protection Bureau
- What you should know about home equity lines of credit (booklet, PDF) · Consumer Financial Protection Bureau
- Bank Prime Loan Rate (DPRIME) · Federal Reserve Bank of St. Louis, FRED