HELOC Rates Fall: Tap Home Equity Wisely
Update: 2025-11-10
Description
On November tenth, the national average HELOC rate is seven point six four percent, a trend of falling rates. Homeowners with strong credit can secure this rate, with equity totaling over thirty-four trillion dollars. HELOCs offer an alternative to selling, allowing access to home equity without refinancing. Rates are based on an index, like the prime rate, plus a lender-set margin. Be aware of introductory rates, which often convert to higher variable rates, and compare offers, fees, and repayment terms.
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