From Yahoo Finance: 2025-06-07 06:00:00

HELOC rates held steady after Friday’s positive jobs report, boosting stocks but causing bonds to sell off. Zillow reports a 10-year HELOC rate of 6.73%, with VA-backed rates at 6.28%. Homeowners have over $34 trillion in home equity, making accessing a HELOC an attractive option with rates based on credit score and debt amount.

Lenders offer flexibility in HELOC rates, often lower than prime rate-based calculations. Introductory rates can be temporary before becoming adjustable. Keeping a low-rate primary mortgage while accessing home equity through a HELOC allows for financial flexibility without giving up favorable mortgage terms.

HELOCs offer the benefit of tapping into home equity without affecting existing mortgage terms. The best lenders provide low fees, fixed-rate options, and generous credit lines for easy access to funds. FourLeaf Credit Union currently offers a 6.49% introductory rate on HELOCs up to $500,000, highlighting the variety of rates available depending on creditworthiness and lender terms.

With rates ranging from 7% to 18%, HELOC options cater to various credit profiles and shopping diligence. For homeowners with low mortgage rates, accessing equity through a HELOC can fund home improvements, repairs, or even fun expenses with discipline. Understanding repayment terms and comparing lender offers are crucial steps in utilizing a HELOC effectively.



Read more at Yahoo Finance: The home equity line of credit rate holds steady