HELOC rates today, November 9, 2025: Hitting new lows for 2025

Core Insights - The average home equity line of credit (HELOC) interest rate has decreased to 7.64%, marking a decline of nearly half a point since January [1][2] - Homeowners have over $34 trillion in home equity, the third-largest amount on record, indicating significant potential for HELOC utilization [2] - With mortgage rates above 6%, many homeowners are reluctant to refinance or sell, making HELOCs an attractive alternative for accessing home equity [3] HELOC Rates and Trends - The current average HELOC rate of 7.64% is the lowest recorded in 2025, based on applicants with a minimum credit score of 780 and a maximum combined loan-to-value ratio of 70% [2] - Lenders determine HELOC rates based on an index rate plus a margin, with the prime rate recently falling to 7.00% [4] - Average national HELOC rates may include introductory rates that last for a limited time before becoming adjustable [5] HELOC Functionality - A HELOC allows homeowners to access their home equity without giving up their low-rate primary mortgage, providing flexibility in borrowing [6] - The structure of a HELOC enables homeowners to borrow as needed, only paying interest on the amount drawn [9] - Monthly payments on a $50,000 HELOC at a 7.50% interest rate would be approximately $313 during the draw period, but rates are typically variable [13] Market Considerations - Homeowners with low primary mortgage rates and significant equity are in a favorable position to obtain a HELOC, which can be used for various purposes, including home improvements and personal expenses [12] - The variability of HELOC interest rates necessitates careful consideration of affordability for future payments [8]