HELOC rates today, September 15, 2025: Don't miss super low promotional rates

Core Insights - Current HELOC interest rates range from 8.05% to 9.59% APR, with promotional rates often lower for an introductory period [1] - Homeowners have over $34 trillion in home equity, making it the third-largest amount on record, which presents an opportunity for HELOCs as an alternative to selling homes [2] - The average APR for a 10-year draw HELOC is currently 8.72%, with a six-month introductory rate of 6.49% [1][2] HELOC Interest Rates - HELOC rates are determined by an index rate plus a margin, often based on the prime rate, which is currently 7.50% [3] - Lenders have flexibility in pricing HELOCs, and rates can vary significantly based on credit score and debt levels [4] - Average national HELOC rates may include introductory rates that last for a limited time before adjusting to a higher variable rate [4] HELOC Functionality - A HELOC allows homeowners to access equity without giving up their low-rate primary mortgage, providing flexibility in borrowing [5][6] - Homeowners can draw from their HELOC as needed, only paying interest on the amount borrowed [8] - Introductory rates can be attractive, but borrowers should be aware of potential rate adjustments after the initial period [7] Current Market Conditions - FourLeaf Credit Union is currently offering a HELOC rate of 6.49% for the first 12 months on lines up to $500,000 [7] - Rates can vary widely among lenders, ranging from nearly 7% to as high as 18%, depending on individual creditworthiness [9] - For homeowners with low primary mortgage rates, now may be an optimal time to consider a HELOC for various financial needs [10] Payment Structure - A $50,000 HELOC on a $400,000 home may result in monthly payments around $395, with a variable interest rate starting at 8.75% [11] - HELOCs are structured to be paid back over a longer term, but they are most beneficial when borrowed and repaid in a shorter timeframe [11]