HELOC Rates Drop to 3-Year Low: Tap Home Equity Wisely
Update: 2025-12-20
Description
Homeowners rejoice! The national average HELOC rate has plummeted to a three-year low of 7.44%, offering a golden opportunity to tap into your home equity. With the prime rate also dropping, lenders are offering more competitive deals. Total home equity in the U.S. has reached an all-time high of $36 trillion. A HELOC allows you to keep your low-rate mortgage while accessing cash for home improvements, debt consolidation, or even a family vacation. Shop around for the best terms, as rates and fees vary. If youve built up equity and good credit, nows the time to explore a HELOC without risking your mortgage rate.
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