The national average rate for home equity lines of credit (HELOC) fell to a new low in well more than a year. The average home equity loan rate is down three basis points from last month. HELOC and home equity loan rates: Friday, January 9, 2026 According to Curinos data, the average HELOC rate is 7.25%, down 19 basis points from last month. The national average rate on a home equity loan is 7.56%, three basis points lower than one month ago. Both rates are based on applicants with a minimum credit scor ...

Core Insights - The national average rate on home equity lines of credit (HELOC) has decreased in line with the prime rate, currently at 6.75%, with expectations for stabilization until the next Federal Reserve rate cut [1] - Home equity has reached a record high of nearly $36 trillion, indicating significant value tied up in residential properties [2] - The average weekly HELOC rate is reported at 7.44%, based on applicants with a minimum credit score of 780 and a maximum combined loan-to-value ratio of 70% [2] HELOC Interest Rates - HELOC interest rates are determined differently from mortgage rates, typically based on an index rate plus a margin, with the current prime rate at 6.75% [4] - Lenders have flexibility in pricing HELOCs, influenced by factors such as credit score and debt levels, making it advisable for borrowers to shop around for the best rates [5] - National HELOC rates may include introductory offers that last for a limited time before adjusting to a higher rate [6] Market Trends - With mortgage rates remaining low, homeowners are less likely to sell their homes, making HELOCs an attractive option for accessing home equity without refinancing [3] - Lenders are responding to the Federal Reserve's rate cuts by offering lower introductory rates, such as FourLeaf Credit Union's 5.99% APR for 12 months on HELOCs up to $500,000 [8] Borrowing Considerations - When considering a HELOC, borrowers should compare rates, fees, repayment terms, and minimum draw amounts to find the best deal [9] - A HELOC allows homeowners to access only the amount needed from their equity, avoiding interest on unused credit [9] - For homeowners with low primary mortgage rates and significant equity, now may be an optimal time to secure a HELOC for various uses, including home improvements or personal expenses [11] Payment Structure - For a $50,000 HELOC at a 7.50% interest rate, the monthly payment during the 10-year draw period would be approximately $313, with the understanding that rates are variable and payments may increase during the repayment period [12]

The national average HELOC rate is falling to its lowest point in three years, based on the pricing benchmark of the prime rate. Home equity line of credit lenders are getting more aggressive with introductory pricing as well. HELOC rates: Saturday, December 20, 2025 According to Curinos data, the average weekly HELOC rate is 7.44%. This rate is based on applicants with a minimum credit score of 780 and a maximum combined loan-to-value ratio (CLTV) of 70%. Homeowners have a huge amount of value tied u ...

The national average HELOC rate is falling to its lowest point in three years, based on the pricing benchmark of the prime rate. Home equity line of credit lenders are getting more aggressive with introductory pricing as well. HELOC rates: Saturday, December 20, 2025 According to Curinos data, the average weekly HELOC rate is 7.44%. This rate is based on applicants with a minimum credit score of 780 and a maximum combined loan-to-value ratio (CLTV) of 70%. Homeowners have a huge amount of value tied u ...

The national average HELOC rate has inched down, according to analytics company Curinos. The rate on a home equity line of credit is now under 7.5% — its lowest point in 2025. HELOC rates: Saturday, December 6, 2025 According to Curinos data, the average weekly HELOC rate is 7.44%. The highest HELOC rate in 2025 occurred in January, and the current rate has fallen by over a half-point since then. This rate is based on applicants with a minimum credit score of 780 and a maximum combined loan-to-value ra ...

The national average HELOC rate remains under 8%, according to analytics company Curinos. Home equity line of credit interest rates have fallen but holiday cash needs are rising. For many homeowners, a HELOC is the financial cushion they're looking for. HELOC rates: Saturday, November 29, 2025 According to Curinos data, the average weekly HELOC rate is 7.64%. The highest HELOC rate in 2025 occurred in January, and the current rate has fallen nearly a half-point since then. This rate is based on applican ...

Core Insights - The article highlights the misconception that all mortgage debt provides valuable tax benefits, which is often perpetuated by financial advisors [1][4] - A specific case is presented where a financial advisor incorrectly recommended a $50,000 home equity line of credit (HELOC) for tax write-offs that no longer exist due to changes in tax law [2][5] - The narrative emphasizes the importance of questioning financial advice, especially when it involves taking on debt for perceived benefits [4] Tax Law Changes - The 2017 Tax Cuts and Jobs Act eliminated deductions for home equity debt unless used for substantial home improvements [5] - The article points out that using a HELOC for everyday expenses or investments does not provide any tax benefits [2][5] Financial Advisor Accountability - The financial advisor in the case either misunderstood current tax laws or prioritized personal gain over the client's best interests [3][4] - The couple now faces unnecessary interest payments on the borrowed amount, which was based on a false understanding of tax advantages [3][4] Cost of Misguided Advice - The article illustrates that paying interest to generate tax deductions is often not financially sensible, as demonstrated by the couple's situation [4][5] - The couple is paying 8-10% interest on consumer spending, which is a significant financial burden [4]

Core Insights - The national average HELOC rate is currently 7.64%, serving as a benchmark for home equity line of credit interest rates, although introductory rates may be significantly lower [1][2] - Homeowners have over $34 trillion in home equity, the third-largest amount on record, making HELOCs an attractive option for accessing equity 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 has decreased by 42 basis points since January 2025, indicating a trend of declining rates [2] - Introductory rates can be as low as 5.99% for the first 12 months, but will convert to variable rates thereafter [8] - Rates can vary widely among lenders, ranging from nearly 6% to as high as 18%, depending on creditworthiness [11] HELOC Mechanics - A HELOC allows homeowners to access their home equity without giving up their low-rate primary mortgage, providing flexibility in borrowing [6][7] - Borrowers only pay interest on the amount they draw from their credit line, making it a cost-effective option for accessing funds [9] - Monthly payments on a $50,000 HELOC at a 7.50% interest rate would be approximately $313 during the draw period, but rates are typically variable [13] Considerations for Borrowers - Homeowners with low primary mortgage rates and significant equity may find it advantageous to obtain a HELOC for various uses, including home improvements or personal expenses [12] - It is essential for borrowers to compare fees, repayment terms, and minimum draw amounts when shopping for HELOCs [8][5]

Core Insights - The current national average HELOC rate is 7.64%, which has decreased by 40 basis points since January 2025 [2] - Homeowners have over $34 trillion in home equity, marking the third-largest amount on record [2] - With mortgage rates remaining low, homeowners are likely to retain their primary mortgages and consider HELOCs as an alternative to accessing home equity [3] HELOC Rates and Trends - The average HELOC rate is currently 7.64%, based on applicants with a minimum credit score of 780 and a maximum combined loan-to-value ratio of 70% [2] - National lenders are seeing HELOC interest rates drop by 0.25% or more [1] - The prime rate has recently fallen to 7.00%, impacting HELOC rates [4] Lender Considerations - Lenders have flexibility in pricing HELOCs, which depend on credit scores, debt levels, and the credit line relative to home value [5] - Introductory offers for HELOCs may last for a limited time before becoming adjustable at higher rates [5][8] - It is advisable for borrowers to shop around and compare terms from multiple lenders [5] HELOC Functionality - A HELOC allows homeowners to access their home equity without giving up their low-rate primary mortgage [6] - Borrowers can draw from their HELOC as needed, only paying interest on the amount borrowed [9] - Monthly payments on a HELOC can vary based on the amount withdrawn and the interest rate, with a $50,000 withdrawal at 7.50% resulting in a monthly payment of about $313 during the draw period [13] Current Offers and Recommendations - FourLeaf Credit Union is currently offering a HELOC APR of 5.99% for the first 12 months on lines up to $500,000, which will convert to a variable rate afterward [8] - Homeowners with significant equity and low primary mortgage rates may find it an opportune time to take out a HELOC for various uses, including home improvements or personal expenses [12]

Core Insights - HELOC rates are currently below 8% nationally, with Bank of America recently reducing its average rate by a quarter point, indicating a favorable time for homeowners to consider obtaining a HELOC [1][2] - The average weekly HELOC rate is reported at 7.75%, which has decreased by more than a quarter point since the start of the year, reflecting a trend of declining rates [2] - Homeowners have over $34 trillion in home equity, marking the third-largest amount on record, suggesting significant potential for HELOC utilization [2] HELOC Rate Dynamics - HELOC interest rates differ 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 credit scores, debt levels, and the credit line relative to home value [5][10] - Introductory rates for HELOCs can be below market rates but may only last for a limited time before adjusting to a higher variable rate [5][8] Utilization and Benefits - Homeowners can access home equity without relinquishing low-rate primary mortgages, making HELOCs a viable option for tapping into home value [6][11] - The structure of HELOCs allows homeowners to borrow as needed, only paying interest on the amount drawn, which can be beneficial for managing cash flow [9] - HELOCs can be used for various purposes, including home improvements and personal expenses, but caution is advised to avoid long-term debt [11] Payment Structure - For a $50,000 HELOC at a 7.50% interest rate, the monthly payment during the draw period would be approximately $313, but rates are typically variable, leading to potential increases in payments over time [12]