HELOC rates today, November 16, 2025: With another Fed rate cut in doubt, this might be as low as rates go

Core Insights - The average home equity line of credit (HELOC) interest rate is currently under 8%, with a potential for limited decreases due to uncertainty around Federal Reserve rate cuts [1] - As of November 16, 2025, the average weekly HELOC rate is at its lowest for the year at 7.64%, based on specific credit criteria [2] - Homeowners have over $34 trillion in home equity, marking the third-largest amount on record [2] HELOC Rates and Market Dynamics - HELOC rates are influenced by the prime rate, which has recently fallen to 7.00%, and lenders may add a margin to determine the final rate [4] - The flexibility in pricing for HELOCs means that consumers should shop around, as rates can vary significantly based on credit scores and other factors [5] - Average national HELOC rates may include introductory rates that are temporary, leading to potential increases after the initial period [5] Usage and Benefits of HELOCs - Homeowners are likely to retain their low-rate primary mortgages, making HELOCs an attractive option for accessing home equity without refinancing [3][6] - HELOCs allow homeowners to borrow as needed, only paying interest on the amount drawn, which can be beneficial for managing cash flow [9] - The current market conditions make it a favorable time for homeowners with low primary mortgage rates to consider HELOCs for various expenses, including home improvements [11] Payment Structure and Considerations - A typical monthly payment example for a $50,000 HELOC at a 7.50% interest rate during the draw period is approximately $313, but rates are variable and can increase [12] - It is crucial for borrowers to understand the implications of variable rates and ensure they can manage potential increases in monthly payments [8]