HELOC rates today, November 9, 2025: Rates are hitting new lows for 2025

Core Insights - The average home equity line of credit (HELOC) interest rate is currently 7.64%, marking a decrease 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 average weekly 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 Mechanics - A HELOC allows homeowners to access equity without giving up their low-rate primary mortgage, providing flexibility in borrowing and repayment [6][9] - The power of a HELOC lies in borrowing only what is needed, as interest is only paid on the amount drawn [9] - Monthly payments on a HELOC can vary; for example, a $50,000 draw at a 7.50% interest rate would result in a monthly payment of approximately $313 during the draw period [13] Considerations for Borrowers - Homeowners with low primary mortgage rates and significant equity may find it an opportune time to obtain a HELOC for various uses, including home improvements or personal expenses [12] - It is essential for borrowers to be aware of potential rate adjustments and to ensure they can manage payments if rates rise [8]