Homeowners Unlock Equity Treasure Trove as HELOC Rates Dip

In November 2025, the home equity line of credit (HELOC) national average rate has slipped closer to 7.5%, according to data from the analytics company Curinos. This represents a more than 40 basis point decline since the beginning of the year, making it an attractive time for homeowners to consider a HELOC.

Homeowners currently have a substantial $34 trillion in home equity, the third-highest amount on record, as of the end of 2024. With primary mortgage rates still lingering in the low-6% range, many homeowners are reluctant to let go of their low-interest loans. A HELOC provides a way to access this equity without sacrificing their primary mortgage.

Lenders are now offering introductory HELOC rates as low as 5.99% for the first 12 months on lines up to $500,000. After the introductory period, the rate will convert to a variable rate, but homeowners can still benefit from tapping into their home's value for home improvements, repairs, or other needs. The power of a HELOC lies in the ability to borrow only what is needed, without paying interest on unused funds.

While HELOC rates can vary significantly, from nearly 6% to as high as 18%, the current low-rate environment makes it an opportune time for homeowners with substantial equity and low primary mortgage rates to consider a HELOC to access their home's value without giving up their favorable loan terms.