HELOC rates today, November 15, 2025: Keep your low-rate primary mortgage and get cash with a HELOC

Core Insights - The national average HELOC rate is currently 7.64%, reflecting a decrease of nine basis points since early October [1] - Home equity line of credit interest rates are declining, with introductory rates offered by lenders being significantly lower than the average [1][5] - Homeowners have over $34 trillion in home equity, the third-largest amount on record, making HELOCs an attractive option for accessing funds without selling their homes [3] HELOC Rates and Trends - The average weekly HELOC rate is 7.64%, down 42 basis points since January 2025 [2] - The prime rate, which influences HELOC rates, has recently fallen to 7.00%, affecting the overall pricing of HELOCs [4] - Lenders have flexibility in pricing HELOCs, and rates can vary significantly based on individual credit scores and debt levels [5][11] Lender Considerations - It is advisable for borrowers to shop around for HELOCs, as rates can vary widely from lender to lender [5] - Introductory rates may only last for a limited time, after which rates can adjust to higher levels [5][8] - The best HELOC lenders typically offer low fees, fixed-rate options, and generous credit lines [6] Usage and Benefits of HELOCs - HELOCs allow homeowners to access their home equity without giving up their low-rate primary mortgage [6] - Borrowers can draw only what they need from their credit line, avoiding interest on unused funds [9] - HELOCs can be used for various purposes, including home improvements and personal expenses, provided borrowers manage repayment responsibly [12] Payment Structure - For a $50,000 HELOC at a 7.50% interest rate, the monthly payment during the draw period would be approximately $313, but rates are typically variable [13]