HELOC Rates Drop, Unlock Home Equity
Update: 2025-12-26
Description
Homeowners rejoice! The national average rate for Home Equity Lines of Credit (HELOCs) has dropped to 7.44%, tied to the prime rate at 6.75%. With record home equity, HELOCs are gaining popularity. Lenders set rates by adding a margin to the prime rate, currently around 7.50%. HELOCs allow you to keep your low-rate mortgage while borrowing only what you need, with no interest on unused funds. Shop around for the best rates, as they range from 6% to 18% based on credit, debt, and home value ratio.
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