HELOC rates today, November 3, 2025: Look for better rates as lenders price to a lower prime rate
Update: 2025-11-03
Description
Home Equity Line of Credit Rates Drop: A Golden Opportunity for HomeownersWith the national average for a Home Equity Line of Credit (HELOC) at 7.75%, homeowners can now tap into their home's equity at a lower rate. This rate is expected to dip further due to a recent quarter-point drop in the prime rate. Homeowners have collectively seen their equity totals rise past $34 trillion, making it an ideal time to consider a HELOC for home improvements, repairs, or even a big vacation. Lenders offer intro rates under 6% for the first year, but it's crucial to read the fine print as rates adjust afterward. Shopping around can significantly impact the final number, as many introductory deals turn into higher variable rates later. With home values high and the prime rate showing signs of retreat, now is a good window for homeowners to lock in a HELOC for flexibility without sacrificing a low primary mortgage rate.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
