HELOC rates today, November 18, 2025: How much lower can they go before the end of the year?

Core Insights - HELOC national average rates have decreased, with potential for further reductions depending on Federal Reserve actions, making it an opportune time for homeowners to consider obtaining a HELOC [1][2] Group 1: HELOC Rates and Trends - The average weekly HELOC rate is currently 7.64%, down over 40 basis points since the start of the year, based on applicants with a minimum credit score of 780 and a maximum combined loan-to-value ratio of less than 70% [2] - Homeowners have over $34 trillion in home equity as of the end of 2024, marking the third-largest amount on record [2] - Mortgage rates remain low, leading homeowners to retain their primary mortgages, making HELOCs an attractive alternative for accessing home equity [3] Group 2: HELOC Mechanics and Considerations - HELOC interest rates differ from primary mortgage rates, typically based on an index rate plus a margin, with the current prime rate at 7.00% [4] - Lenders have flexibility in pricing HELOCs, and rates can vary significantly based on credit score, debt levels, and home value [5][10] - Introductory rates may be offered but can convert to variable rates after a set period, necessitating careful comparison of terms when selecting a lender [5][8] Group 3: Usage and Benefits of HELOCs - A HELOC allows homeowners to access equity without relinquishing their low-rate primary mortgage, providing flexibility in borrowing and repayment [6][9] - Homeowners can utilize HELOC funds for various purposes, including home improvements or personal expenses, while maintaining their existing mortgage [11] - 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 [12]