The national average HELOC interest rate holds steady. A HELOC is a second mortgage with lower rates due to home collateral. Home equity hit $34 trillion in 2024. With mortgage rates high, a HELOC is a smart option to tap into home equity without giving up low mortgage rates.

HELOC rates differ from primary mortgage rates, often based on the prime rate plus a margin. Introductory rates may only last for a short period, then adjust higher. Keep your low-rate mortgage and consider a HELOC for flexible borrowing options. Best HELOC lenders offer low fees and fixed-rate options.

FourLeaf Credit Union offers a 6.49% introductory HELOC rate. Rates vary widely, from 7% to 18%, based on creditworthiness. A HELOC allows tapping into equity as needed and paying back only what is borrowed. For homeowners with low primary mortgage rates and equity, now is an ideal time to consider a HELOC.

Taking out a full $50,000 from a HELOC on a $400,000 home could result in a $395 monthly payment. HELOCs are best for short-term borrowing and repayment. Use a HELOC for home improvements, repairs, upgrades, or fun activities like vacations, with disciplined repayment essential.

Read more at Yahoo Finance: HELOC rates today, July 19, 2025: Affordable rates continue