HELOC rates today, November 22, 2025: Lowest of the year but your introductory rate will be even lower

Core Insights - The national average HELOC rate is currently 7.64%, having decreased over the year, with introductory rates often being lower than market rates [1][2] - Homeowners have approximately $36 trillion in home equity, the highest on record, making HELOCs an attractive option for accessing funds without selling homes [3] - Lenders determine HELOC rates based on an index rate plus a margin, with the prime rate recently at 7.00% [4] HELOC Rates and Trends - The average weekly HELOC rate is 7.64%, down nearly half a point since January 2025 [2] - Rates can vary significantly among lenders, with some offering introductory rates as low as 5.99% for the first 12 months [8][11] - Homeowners with low primary mortgage rates are in a favorable position to obtain HELOCs, allowing them to leverage their home equity for various expenses [12] Lender Considerations - Lenders have flexibility in pricing HELOCs, influenced by credit scores, existing debt, and the loan-to-value ratio [5] - It is essential for borrowers to compare rates, fees, and repayment terms when shopping for HELOCs [5][8] - The draw amount is the initial sum a lender requires to be taken from the equity, which can affect overall borrowing costs [8] HELOC Functionality - A HELOC allows homeowners to access their home equity without refinancing their primary mortgage, providing flexibility in borrowing [6] - Borrowers only pay interest on the amount they draw, making it a cost-effective option for managing cash flow [9] - Monthly payments on a HELOC can vary based on the drawn amount and interest rate, with a typical example being $313 for a $50,000 draw at a 7.50% interest rate [13]