HELOC rates today are stable, with variable rates ranging from 3.99% to 6.75%. Bank of America reports an average APR of 8.72% on a 10-year draw HELOC. Homeowners hold over $34 trillion in home equity, the third-largest amount on record. Consider a HELOC as an alternative to accessing home equity.

HELOC interest rates differ from primary mortgage rates, with second mortgage rates based on an index rate plus a margin. National HELOC rates may include introductory rates that last six months to one year. Keep your low-rate mortgage and consider a second mortgage like a HELOC for added flexibility.

Best HELOC lenders offer low fees, fixed-rate options, and generous credit lines. FourLeaf Credit Union offers a 6.49% introductory rate for 12 months. Rates vary widely, from 7% to 18%, based on creditworthiness and lender terms. HELOCs allow you to access equity as needed, paying interest only on what you borrow.

Read more at Yahoo Finance: Low introductory rates vary widely