HELOC rates today, October 31, 2025: Rates are moving lower; time to shop
Update: 2025-10-31
Description
Homeowners rejoice! The new HELOC update offers an average interest rate of 7.75%, with potential for further drops due to the Federal Reserve's rate cut. With over $34 trillion in home equity, many are considering HELOCs for cash access, as they don't disrupt low-fixed mortgages. HELOCs offer flexibility, with interest rates based on an index and personal credit score, and the ability to borrow and repay as needed. Be sure to compare offers for fees, introductory rates, and repayment terms.
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