The average HELOC rate is currently 7.75%, the lowest in 2025, down from 8.06% in January. Homeowners have over $34 trillion in home equity. Second mortgage rates, like HELOCs, are flexible, based on prime rate (7.25%) plus a margin. Best HELOC lenders offer low fees and fixed-rate options. FourLeaf Credit Union offers 5.99% APR for 12 months. Rates vary from 6% to 18%. HELOCs are best for short-term borrowing.

Read more at Yahoo Finance: Rates hold at 2025 lows