HELOC rates are currently at 2025 lows, with the national average rate at 7.64%. Homeowners have nearly $36 trillion in home equity, the highest on record. Considering the low mortgage rates, accessing home equity through a HELOC can be a smart financial move.

HELOC interest rates are calculated differently from mortgage rates, with rates based on an index rate plus a margin. Lenders have flexibility in pricing, so shop around for the best terms. National HELOC rates can include introductory offers, but be aware that rates may increase after the introductory period.

With the best HELOC lenders offering low fees and generous credit lines, homeowners can tap into their home equity while keeping their low-rate primary mortgage. HELOCs allow flexibility in using the equity for various needs and paying it back over time, helping to build wealth.

Rates for HELOCs vary from 6% to 18%, depending on creditworthiness and lender. For homeowners with low primary mortgage rates and significant home equity, now may be the best time to consider a HELOC. By accessing equity for home improvements or other needs, homeowners can maintain their great mortgage rate.

When considering a HELOC, it’s important to understand the repayment terms and potential interest rates. A HELOC can provide flexibility in borrowing only what is needed and leaving the rest of the credit line available for future needs. It’s crucial to compare rates and fees from different lenders to find the best option.

Read more at Yahoo Finance: Incremental interest rate drops continue at many lenders