The national average HELOC rate is at a 2025 low, dropping 60 basis points since January. Homeowners hold nearly $36 trillion in home equity. Accessing your equity through a HELOC can be a smart move, with rates based on an index rate plus a margin. Shop around for the best rates and terms.

FourLeaf Credit Union offers a 5.99% HELOC rate for 12 months on lines up to $500,000. Rates can vary from 6% to 18%, depending on creditworthiness. HELOCs allow you to tap into your equity as needed, paying interest only on what you borrow. It’s a good time for homeowners with low primary mortgage rates to consider a HELOC for home improvements or other needs.

If you withdraw the full $50,000 from a HELOC at a 7.50% interest rate, your monthly payment during the draw period would be around $313. Remember, rates are variable and payments will increase during the repayment period. HELOCs are best for short-term borrowing and repayment strategies.

Read more at Yahoo Finance: Rates have dropped 60 basis points this year