The national average home equity line of credit interest rate is at a three-year low, providing homeowners with an advantage. The average monthly HELOC rate is 7.44% for those with a credit score of 780 and a CLTV of 70%. With mortgage rates stagnant, homeowners may feel frustrated about accessing their home’s value. The Federal Reserve reports $36 trillion in locked equity, prompting interest in second mortgage HELOCs. Rates for HELOCs are based on an index rate plus a margin, with lenders offering flexibility. The best HELOC lenders provide low fees, fixed-rate options, and generous credit lines. LendingTree offers a HELOC APR as low as 6.36% on a $150,000 credit line. Homeowners with low primary mortgage rates and substantial equity may find it advantageous to get a HELOC. Monthly payments on a $50,000 line of credit with a 7.50% interest rate during the draw period would be around $313.

Read more at Yahoo Finance: The equity-tapping advantage of 2026