HELOC Home Equity Line Rates You Won't Believe

Current Trends in HELOC Rates

As of 2023, HELOC rates have been fluctuating due to economic conditions and monetary policies. Generally, these rates are influenced by the prime rate, which is determined by the Federal Reserve. Currently, many financial institutions offer introductory rates as low as 2.49% APR for the first year, with variable rates thereafter based on the prime rate plus a margin¹.