HELOC rates today, November 28, 2025: Incremental interest rate drops continue at many lenders

Core Insights - HELOC rates are currently at their lowest levels in 2025, with the average national rate being 7.64% as of November 28, 2025, reflecting a trend of incremental interest rate drops among lenders [1][2] Group 1: HELOC Rates and Market Context - The average weekly HELOC rate is 7.64%, based on applicants with a minimum credit score of 780 and a maximum combined loan-to-value ratio of 70% [2] - Homeowners have approximately $36 trillion in home equity, the highest recorded amount, indicating significant potential for HELOC utilization [2] - With mortgage rates remaining low, homeowners are less likely to sell their homes, making HELOCs an attractive alternative for accessing home equity [3] Group 2: HELOC Interest Rate Determination - HELOC interest rates differ from mortgage rates, being based on an index rate plus a margin, with the current prime rate at 7.00% [4] - Lenders have flexibility in pricing HELOCs, which can vary based on credit score, debt levels, and the credit line relative to home value [5] Group 3: HELOC Functionality and Benefits - A HELOC allows homeowners to access equity without giving up their low-rate primary mortgage, providing flexibility in borrowing and repayment [6] - Homeowners can draw only what they need from their HELOC, avoiding interest on unused credit [9] - Introductory rates, such as 5.99% for 12 months from FourLeaf Credit Union, can be beneficial, but borrowers should be aware of potential rate adjustments afterward [8] Group 4: Financial Considerations and Usage - The monthly payment for a $50,000 HELOC at a 7.50% interest rate would be approximately $313 during the draw period, but rates are typically variable, leading to increased payments over time [13] - Utilizing a HELOC can be advantageous for homeowners with low primary mortgage rates and significant equity, allowing for funding of home improvements or other expenses [12]