HELOC rates today, September 10, 2025: One week away from a potential decline in home equity rates

Group 1: HELOC Rates and Trends - Current average HELOC rates range from 8.05% to 9.59%, with Bank of America reporting an average APR of 8.72% for a 10-year draw HELOC [1][2] - The pricing of HELOC interest rates is typically based on the prime rate, which is currently 7.50%, plus a margin [3] - Lenders have flexibility in pricing HELOCs, and rates can vary significantly based on credit score and debt levels [4] Group 2: Home Equity Utilization - Homeowners have over $34 trillion in home equity, the third-largest amount on record, making HELOCs an attractive option for accessing this value [2] - With mortgage rates remaining high, homeowners are less likely to sell their homes, making HELOCs a viable alternative to tap into home equity without losing low-rate primary mortgages [2][10] - HELOCs allow homeowners to borrow as needed, only paying interest on the amount drawn, which provides financial flexibility [8] Group 3: Lender Offers and Considerations - FourLeaf Credit Union offers a competitive introductory HELOC rate of 6.49% for the first 12 months on lines up to $500,000, highlighting the importance of comparing rates and terms [7] - Homeowners should be cautious of rate adjustments after the introductory period and consider the overall cost, including fees and repayment terms [4][7] - The monthly payment for a $50,000 HELOC can be approximately $395, emphasizing the need for careful financial planning when utilizing such credit lines [11]