HELOC Rates: Tap Home Equity, Keep Low Mortgage
Update: 2025-11-26
Description
HELOC Rates: Tapping into Your Homes Equity - The average HELOC rate is currently below eight percent, with the potential for further reductions. Homeowners with significant equity and low mortgage rates can leverage this opportunity to access funds for renovations or expenses without giving up their low-interest mortgage. HELOC rates are based on an index rate plus a lenders margin, so shopping around is crucial. Be aware of introductory rates that may convert to a higher variable rate.
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