HELOC rates slightly lower, borrowers can take advantage for home improvements.

From Yahoo Finance: 2025-06-28 06:00:00

Today, HELOC interest rates dipped slightly, giving borrowers time to find the best rate. Home equity borrowing in Q1 of this year reached almost $25 billion, up 22% from last year. Zillow reported a 10-year HELOC rate of 6.50%, while VA-backed HELOCs rose to 6.15%. With over $34 trillion in home equity, homeowners can tap into their equity without refinancing. HELOC rates are based on an index rate plus a margin, with lenders offering competitive pricing. It’s a good time to consider a HELOC for home improvements or other expenses, but be sure to shop around for the best rate and terms.



Read more at Yahoo Finance: The home equity line of credit rate sees a slight decrease