Home equity interest rates drop (down to 6.68%)
From Yahoo Finance: 2025-06-13 06:00:00
HELOC rates decreased today as homeowners gained significant home equity in Q1. Northeast states like Rhode Island and New Jersey saw the most growth. Today’s 10-year HELOC rate is 6.68%, VA-backed HELOC rate is 6.25%. Homeowners have $34 trillion in home equity. Consider accessing this value with a HELOC.
HELOC rates are based on an index rate plus a margin, often the prime rate at 7.50%. Lenders have flexibility in pricing. Introductory rates may lead to adjustable rates. Keep your low-rate mortgage and consider a second mortgage like a HELOC. Best HELOC lenders offer low fees and credit lines.
FourLeaf Credit Union offers a 6.49% introductory HELOC rate. Rates vary widely from 7% to 18% based on creditworthiness. It’s a good time for homeowners with low mortgage rates to get a HELOC for home improvements or other needs. Use only what you need and leave the rest for future expenses.