HELOCs Surge in Popularity: Tap Home Equity Without Refinancing

Home equity lines of credit (HELOCs) are surging in popularity, with over 557,000 new loans issued in Q3 2025, totaling $31.6 billion. Homeowners are tapping into their homes value without refinancing, thanks to average HELOC rates at 7.44%. With $36 trillion in home equity, many are opting for HELOCs over refinancing or selling. HELOC rates, based on an index rate plus a lenders margin, offer a smart alternative. However, be aware of introductory rates, fees, and repayment terms.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.