Should you use your home equity to pay off credit-card debt? Read this before taking out a HELOC. - MarketWatch

1. Homeowners increasingly use HELOCs to manage credit card debt. 2. HELOCs gained popularity with rising home values since 2022. 3. Federal Reserve interest rate cuts may lower HELOC rates. 4. Average HELOC rate is currently 8.27%, potentially decreasing further. 5. Americans withdrew $25 billion in Q1 2025 through HELOCs.