The national average HELOC rate is at its lowest in three years, with lenders repricing rates for 2026 borrowers. The average national monthly HELOC rate is 7.44%, based on a minimum credit score of 780 and a CLTV of 70%. Homeowners with equity and low mortgage rates may struggle to access their growing home value. A second mortgage HELOC can unlock the $36 trillion in equity held by U.S. homeowners. HELOC rates are index-based, with an average rate of 7.50% including a 0.75% margin. Best HELOC lenders offer low fees and flexible credit lines for homeowners to tap into their equity.

FourLeaf Credit Union is offering a 5.99% introductory HELOC APR for 12 months on lines up to $500,000. HELOCs allow homeowners to borrow what they need and leave the rest available for future use. Rates vary from 6% to 18%, depending on creditworthiness and lender choice. For homeowners with low mortgage rates and significant equity, now is a great time to consider a HELOC for home improvements or other expenses. Monthly payments during the 10-year draw period can be around $313, but payments will increase during the 20-year repayment period.

Read more at Yahoo Finance: Lowest HELOC rates in 3 years