From Yahoo Finance: 2025-06-16 06:00:00

HELOC interest rates dipped slightly, with the Northeast seeing the most equity gain in Q1 2025. New York gained $20,600 in home equity, while Boston saw a $25,200 increase. House prices in Rhode Island and New Jersey hit record highs. Zillow reports 10-year HELOC rates at 6.70%. VA-backed HELOCs dropped to 6.34%.

Homeowners hold over $34 trillion in home equity, the third-highest on record. HELOC rates differ from primary mortgage rates, with second mortgage rates based on an index rate plus a margin. Rates can vary based on credit score, debt amount, and credit line compared to home value. Reported national HELOC rates may include introductory rates.

Accessing home equity with a HELOC allows homeowners to keep low-rate mortgages. Best HELOC lenders offer low fees, fixed-rate options, and generous credit lines. HELOCs provide flexibility in using home equity. FourLeaf Credit Union offers a 6.49% introductory rate. HELOC rates vary widely, ranging from 7% to 18% based on creditworthiness.

For homeowners with low primary mortgage rates and equity, now is a great time for a HELOC. Use cash for home improvements, repairs, or fun expenses. Repayment terms vary, with a $50,000 draw on a $400,000 home resulting in a $395 monthly payment at an 8.75% variable rate. HELOCs work best for short-term borrowing and repayment.



Read more at Yahoo Finance: Interest rates on home equity lines of credit take a small step lower