HELOC rates today, November 24, 2025: Low rates make for thankful homeowners needing holiday cash

Core Insights - The current national average HELOC rate is at its lowest for 2025, providing an opportunity for homeowners to access cash for the holidays [1] - The average weekly HELOC rate is reported at 7.64%, based on specific credit criteria [2] - Home equity has reached a record high of nearly $36 trillion, indicating significant value tied up in residential properties [2] HELOC Rates and Market Conditions - HELOC rates are distinct 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 individual credit profiles and market conditions [5][11] - Introductory rates are common, but borrowers should be aware of potential rate adjustments after the initial period [5][8] Benefits and Usage of HELOCs - Homeowners can maintain their low-rate primary mortgages while accessing home equity through HELOCs, allowing for flexible borrowing [6][12] - The structure of HELOCs allows homeowners to borrow only what they need, minimizing interest payments on unused credit [9] - HELOCs can be utilized for various purposes, including home improvements and personal expenses, provided borrowers manage repayment responsibly [12] Payment Structure and Considerations - A typical monthly payment example for a $50,000 HELOC at a 7.50% interest rate is approximately $313 during the draw period, but payments may increase due to variable rates [13] - Borrowers should consider the long-term implications of HELOCs, as they can effectively become 30-year loans if not managed within a shorter timeframe [13]