The national average HELOC rate has dropped below 7.5%, the lowest in 2025, per Curinos. The current average weekly rate is 7.44%, down from January’s peak. Homeowners have a record $36 trillion in home equity, making a HELOC an attractive option to access funds without giving up a low mortgage rate.

HELOC rates differ from primary mortgage rates, often based on the prime rate plus a margin. Lenders offer pricing flexibility based on credit score and debt levels. Introductory rates may be temporary, so shop wisely. HELOCs allow convenient access to home equity while maintaining a low-rate mortgage.

FourLeaf Credit Union offers a one-year introductory HELOC rate of 5.99% on up to $500,000, converting to a higher rate later. Compare rates, fees, and terms when shopping for lenders. HELOCs provide the flexibility to borrow only what is needed and pay interest solely on that amount.

HELOC rates vary widely, ranging from around 6% to as high as 18%, depending on creditworthiness and lender. With low primary mortgage rates, now is an opportune time for homeowners to consider a HELOC for home improvements, repairs, or even fun expenses. HELOCs are best for short-term borrowing and repayment to avoid long-term debt.

Drawing $50,000 at 7.50% interest from a HELOC would entail a $313 monthly payment during the 10-year draw period, but rates are variable and payments may increase over the 20-year repayment period. HELOCs are most beneficial when balances are borrowed and repaid within a shorter timeframe.

Read more at Yahoo Finance: HELOC rates today, December 6, 2025: Rates fall under 7.5%