HELOC rates today, September 19, 2025: Rates remain stagnant following the Fed rate cut

Core Insights - Today's HELOC rates remain unchanged following the Federal Reserve's interest rate cut, with the average APR for a 10-year draw HELOC at 8.72% and an introductory rate of 6.49% for six months in most U.S. states [1] - Homeowners have over $34 trillion in home equity, the third-largest amount on record, making HELOCs an attractive option for accessing this value without selling their homes [2] - Lenders determine HELOC interest rates based on an index rate plus a margin, with the current prime rate at 7.50% [4] HELOC Rates and Terms - Average national HELOC rates can include introductory rates that last for a limited time, after which rates become adjustable [5] - FourLeaf Credit Union offers a HELOC APR of 6.49% for 12 months on lines up to $500,000, which will convert to a variable rate later [7] - Rates can vary significantly among lenders, ranging from 7% to 18%, depending on creditworthiness and shopping diligence [9] Benefits and Usage of HELOCs - A HELOC allows homeowners to access their home equity without giving up their low-rate primary mortgage, providing flexibility in borrowing and repayment [6] - Homeowners can use HELOC funds for various purposes, including home improvements or personal expenses, while maintaining their existing mortgage rates [10] - The structure of a HELOC allows borrowers to only pay interest on the amount drawn, making it a cost-effective option for accessing funds [8] Payment Structure - For a $50,000 HELOC on a $400,000 home, the estimated monthly payment could be around $395 with a variable interest rate of 8.75%, highlighting the long-term nature of HELOCs [11]