HELOC rates today, November 2, 2025: Rates improve as the prime rate falls

A home equity line of credit allows you to access the value in your home, and HELOC rates are getting better and better.

Accessing some of the home equity built up over the years with a use-it-as-you-need-it HELOC can be an excellent alternative. –

Lenders have flexibility with pricing on a second mortgage product, such as a HELOC or home equity loan, so it pays to shop.

The best HELOC lenders offer low fees, a fixed-rate option, and generous credit lines.

For homeowners with low primary mortgage rates and a chunk of equity in their house, it's probably one of the best times to get a HELOC.

If you withdraw the full $50,000 from a line of credit on your home and pay a 7.50% interest rate, your monthly payment during the 10-year HELOC draw period would be about $313.

That sounds good, but remember that the rate is usually variable, so it changes periodically, and your payments will increase during the 20-year repayment period.

A HELOC essentially becomes a 30-year loan. HELOCs are best if you borrow and repay the balance within a much shorter period.