HELOC Rates at Record Low, Homeowners Benefit
Update: 2025-12-03
Description
HELOC rates hit record low, offering homeowners a prime opportunity to access home equity. With an average rate of 7.64% and a potential for further decrease, homeowners can tap into their homes value without refinancing. The current record-high home equity of nearly $36 trillion, coupled with low primary mortgage rates, makes HELOCs an attractive alternative to selling. Rates are determined by an index, like the prime rate, plus a lenders margin, providing flexibility for homeowners to access funds for various needs.
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