HELOC rates today, November 29, 2025: Rates fall as holiday cash needs rise

Core Insights - The national average HELOC rate is currently under 8%, with a specific average of 7.64% as of November 29, 2025, reflecting a decrease of nearly half a point since January 2025 [1][2] - Homeowners have approximately $36 trillion in home equity, the highest recorded, which suggests a significant financial resource available for leveraging through HELOCs [3] - The prime rate, which influences HELOC rates, has recently fallen to 7.00%, allowing lenders to offer competitive rates [4] HELOC Rate Dynamics - HELOC interest rates are determined by an index rate plus a margin, with lenders having flexibility in pricing based on individual borrower profiles [4][5] - Average national HELOC rates may include introductory rates that are lower for an initial period but can adjust to higher rates thereafter [5][8] Home Equity Utilization - A HELOC allows homeowners to access their home equity without refinancing their primary mortgage, providing a flexible financial tool for various needs [6][9] - Homeowners are encouraged to consider HELOCs for home improvements or other expenses while maintaining their low-rate primary mortgages [12] Lender Considerations - When selecting a HELOC, borrowers should compare rates, fees, repayment terms, and minimum draw amounts, as these factors can vary significantly among lenders [5][8] - The monthly payment for a HELOC can vary based on the amount borrowed and the interest rate, with a $50,000 draw at a 7.50% rate resulting in approximately $313 monthly during the draw period [13]