HELOC rates decrease slightly, making it a good time to consider borrowing against home equity.

From Yahoo Finance: 2025-06-18 06:00:00

HELOC interest rates slightly lower today after the Federal Reserve kept short-term rates unchanged. Prime rates expected to follow suit, potentially lowering HELOC rates. Zillow reports rates on 10-year HELOCs at 6.73%, VA-backed HELOCs at 6.34%. Home equity hit $34 trillion in 2024, making HELOCs an appealing option.

HELOC rates differ from primary mortgage rates, often based on prime rate plus margin. Reported HELOC rates vary based on credit score, debt amount, and credit line value. National average rates may include introductory rates that adjust higher later. Keep low mortgage rates and consider a second mortgage like a HELOC.

Best HELOC lenders offer low fees, fixed-rate options, and flexible credit lines. HELOC allows easy access to home equity for various needs. Today, FourLeaf Credit Union offers 6.49% HELOC for 12 months on up to $500,000. Rates vary by lender, ranging from 7% to 18% depending on creditworthiness.

HELOCs offer flexibility to borrow what you need and leave the rest for future needs, saving on unnecessary interest payments. With low primary mortgage rates and equity in your home, now is a great time to consider a HELOC for home improvements or expenses. Borrow wisely and pay off promptly to avoid long-term debt.

Read more: Home equity line of credit rates take a small step down