HELOC rates today, November 19, 2025: Rates may firm up as we approach the end of the year

Core Insights - The average HELOC rate is currently 7.64%, with expectations that rates may stabilize as the year ends, depending on Federal Reserve actions [2][1] - Homeowners have over $34 trillion in home equity, marking the third-largest amount on record, indicating significant potential for HELOC utilization [2] - With primary mortgage rates around 6%, many homeowners are reluctant to sell their homes, making HELOCs an attractive option to access home equity without losing favorable mortgage rates [3] HELOC Pricing and Structure - HELOC interest rates are typically based on an index rate plus a margin, with the current prime rate at 7.00%. For example, a lender adding a 0.75% margin would result in a HELOC rate of 7.75% [4] - Lenders have flexibility in pricing HELOCs, and rates can vary significantly based on credit scores and other factors. Shopping around is recommended to find the best rates [5][11] - Introductory rates for HELOCs can be appealing, but borrowers should be aware that these rates may adjust to higher variable rates after an initial period [8][5] Benefits and Usage of HELOCs - A HELOC allows homeowners to access their home equity without refinancing their primary mortgage, providing flexibility in borrowing and repayment [6] - The ability to draw only what is needed from a HELOC means homeowners do not incur interest on unused credit, making it a cost-effective option [9] - HELOCs can be used for various purposes, including home improvements and personal expenses, but borrowers should be disciplined in repayment to avoid long-term debt [12] Payment Considerations - For a $50,000 HELOC at a 7.50% interest rate, the monthly payment during the draw period would be approximately $313, but borrowers should be aware of potential increases in payments during the repayment period [13]