Latest news with #RegionsBank
Yahoo
7 days ago
- Business
- Yahoo
HELOC rates today, August 6, 2025: It pays to shop introductory rates for bargains
National HELOC variable rates remain in a range from 8% to 9.5%, with the average APR still under 8.75%. A common limited-time introductory rate for a home equity line of credit is near 6.5%. However, shopping for the best combination of an introductory rate followed by a reasonable variable rate can yield some surprising results. Yahoo Finance finds introductory rates from banks and credit unions as low as 3.99% at Alliant Credit Union, 4.99% at Regions Bank, and 5.99% at Truist. Let's check today's home equity line of credit rate. This embedded content is not available in your region. HELOC rates Wednesday, August 6, 2025 According to Bank of America, the largest HELOC lender in the country, today's average APR on a 10-year draw HELOC held firm at 8.72%. That is a variable rate that kicks in after a six-month introductory APR, which is 6.49% in most parts of the country. The lowest HELOC rate reported was 8.05%, with the maximum 9.59%. Homeowners have a sizable amount of value tied up in their houses — more than $34 trillion at the end of 2024, according to the Federal Reserve. That's the third-largest amount of home equity on record. With mortgage rates lingering in the high 6% range, homeowners are not likely to let go of their primary mortgage anytime soon, so selling the house may not be an option. Why let go of your 5%, 4% — or even 3% mortgage? Accessing some of the value locked into your house with a use-it-as-you-need-it HELOC can be an excellent alternative. How lenders determine HELOC interest rates HELOC interest rates are different from primary mortgage rates. Second mortgage rates are based on an index rate plus a margin. That index is often the prime rate, which today is 7.50%. If a lender added 1% as a margin, the HELOC would have a rate of 8.50%. Lenders have flexibility with pricing on a second mortgage product, such as a HELOC or home equity loan, so it pays to shop around. Your rate will depend on your credit score, the amount of debt you carry, and the amount of your credit line compared to the value of your home. And average national HELOC rates can include "introductory" rates that may only last for six months or one year. After that, your interest rate will become adjustable, likely beginning at a substantially higher rate. How a HELOC works You don't have to give up your low-rate mortgage to access the equity in your home. Keep your primary mortgage and consider a second mortgage, such as a home equity line of credit. The best HELOC lenders offer low fees, a fixed-rate option, and generous credit lines. A HELOC allows you to easily use your home equity in any way and in any amount you choose, up to your credit line limit. Pull some out; pay it back. Repeat. Meanwhile, you're paying down your low-interest-rate primary mortgage like the wealth-building machine you are. This embedded content is not available in your region. Look for introductory rates, but be aware of a rate adjustment later Today, FourLeaf Credit Union is offering a HELOC rate of 6.49% for 12 months on lines up to $500,000. That's an introductory rate that will convert to a variable rate later. When shopping lenders, be aware of both rates. And as always, compare fees, repayment terms, and the minimum draw amount. The draw is the amount of money a lender requires you to initially take from your equity. The power of a HELOC is tapping only what you need and leaving some of your line of credit available for future needs. You don't pay interest on what you don't borrow. HELOC rates today: FAQs What is a good interest rate on a HELOC right now? Rates vary so much from one lender to the next that it's hard to pin down a magic number. You may see rates from nearly 7% to as much as 18%. It really depends on your creditworthiness and how diligent a shopper you are. Is it a good idea to get a HELOC right now? 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. You don't give up that great mortgage rate, and you can use the cash drawn from your equity for things like home improvements, repairs, and upgrades. Of course, you can use a HELOC for fun things too, like a vacation — if you have the discipline to pay it off promptly. A vacation is likely not worth taking on long-term debt. What is the monthly payment on a $50,000 home equity line of credit? If you take out the full $50,000 from a line of credit on a $400,000 home, your payment may be around $395 per month with a variable interest rate beginning at 8.75%. That's for a HELOC with a 10-year draw period and a 20-year repayment period. That sounds good, but remember, it winds up being a 30-year loan. HELOCs are best if you borrow and pay back the balance in a much shorter period of time.
Business Wire
16-07-2025
- Business
- Business Wire
Regions Financial Corp. Announces Latest Increase in Quarterly Common Stock Dividend and Declares Preferred Stock Dividends
BIRMINGHAM, Ala.--(BUSINESS WIRE)--The Regions Financial Corp. (NYSE:RF) Board of Directors today declared the following cash dividends on its common shares, Series C preferred shares, Series E preferred shares and Series F preferred shares: A cash dividend of $0.265 on each share of outstanding common stock of the Company, payable on Oct. 1, 2025, to stockholders of record at the close of business on Sept. 2, 2025. The dividend of $0.265 represents a $0.015 (or 6%) increase over the most recent quarterly common dividend. A cash dividend of $14.25 per share of Series C Preferred Stock (equivalent to approximately $0.35625 per depositary share), payable on Aug. 15, 2025, to stockholders of record at the close of business on Aug. 1, 2025. A cash dividend of $11.125 per share of Series E Preferred Stock (equivalent to approximately $0.278125 per depositary share), payable on Sept. 15, 2025, to stockholders of record at the close of business on Sept. 2, 2025. A cash dividend of $17.375 per share of Series F Preferred Stock (equivalent to approximately $0.434375 per depositary share), payable on Sept. 15, 2025, to stockholders of record at the close of business on Sept. 2, 2025. About Regions Financial Corporation Regions Financial Corporation (NYSE:RF), with $160 billion in assets, is a member of the S&P 500 Index and is one of the nation's largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,250 banking offices and more than 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at
Globe and Mail
07-07-2025
- Business
- Globe and Mail
Regions Financial to Announce Second Quarter 2025 Financial Results on July 18, 2025
Regions Financial Corp. (NYSE:RF) is scheduled to release its second quarter 2025 financial results on Friday, July 18, 2025. Information will be accessible in the following formats: A news release and additional materials will be made available on Regions' Investor Relations website at prior to market open on July 18. Also on July 18, Regions executives will discuss the results via a live audio webcast beginning at 10 a.m. ET. The webcast will be accessible through and will include an associated slide presentation to be reviewed by company executives. An archived recording of the webcast will be made available within following the live event. About Regions Financial Corporation Regions Financial Corporation (NYSE:RF), with $160 billion in assets, is a member of the S&P 500 Index and is one of the nation's largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,250 banking offices and more than 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at
Business Wire
07-07-2025
- Business
- Business Wire
Regions Financial to Announce Second Quarter 2025 Financial Results on July 18, 2025
BIRMINGHAM, Ala.--(BUSINESS WIRE)-- Regions Financial Corp. (NYSE:RF) is scheduled to release its second quarter 2025 financial results on Friday, July 18, 2025. Information will be accessible in the following formats: A news release and additional materials will be made available on Regions' Investor Relations website at prior to market open on July 18. Also on July 18, Regions executives will discuss the results via a live audio webcast beginning at 10 a.m. ET. The webcast will be accessible through and will include an associated slide presentation to be reviewed by company executives. An archived recording of the webcast will be made available within following the live event. About Regions Financial Corporation Regions Financial Corporation (NYSE:RF), with $160 billion in assets, is a member of the S&P 500 Index and is one of the nation's largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,250 banking offices and more than 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at
Associated Press
07-07-2025
- Business
- Associated Press
Love Language
By Kim Borges 'I wanted to do something I was passionate about that spoke to me.' Paul Malone only recently discovered how prophetic his own words were. Three years ago, the Consumer Banking manager with Regions Bank was seeking a way to give back to the community when he toured a nonprofit providing support to people with speech and hearing difficulties. 'My mother has been deaf my entire life, and I've always wished there were more solutions for people with needs like hers,' Malone said. Marilyn Malone lost her hearing 45 years ago while in the middle of taking a telephone order at a large retailer where she worked. The nerve damage she experienced resulted in her having to leave a role she enjoyed due to its reliance on auditory capabilities. 'She was forced to explore a different career path after working a variety of jobs that didn't require hearing,' Paul explained. Eager to continue working in her early 40s, Marilyn decided to attend hair school and earned her cosmetology license. She found ways to navigate around her hearing loss, becoming adept at reading lips. 'Despite its challenges, she navigated the life change well,' he said. Paul knew his mom had discovered the West Tennessee Hearing and Speech Center (WTHSC) in Jackson, the place he took that tour exploring ways he could make a community impact, around the same time she changed professions 35 years ago. But what he didn't know until recently is WTHSC provided his mom with her first hearing aid, allowing her to decipher sounds and no longer requiring her to fully rely on lipreading. 'This is my chance to tell our family's story of why it's so important to her.' 'This is my chance to tell our family's story of why it's so important to her,' Paul said. 'She was glowing when I said I was going to talk about it. It really meant something to her.' And as a WTHSC board member today, Malone observes just how much it means to the 1,500-plus people the organization serves annually. Each summer, the nonprofit hosts its Language Camp, a free program providing a supportive, interactive environment for children with speech delays, language and hearing disorders or communications difficulties. Several West Tennessee Regions associates have lent their support. 'A lot of our branch managers have gone and served,' said Malone. 'It's a rewarding experience for our team members who volunteer.' Throughout the year, WTHSC also provides financial assistance to people and families across 21 counties who need help paying for treatment, communication devices, hearing aids and other services allowing them to communicate better through the nonprofit's 'Everyone's Voice Should Be Heard' grant program. Everyone having that voice especially resounds with Malone. 'Isolation is often something people with speech and language difficulties face,' he said. 'People want the same opportunities; they don't want to feel limited. I see the relief and excitement parents have when they see their child getting the help they deserve. There are a lot of smiling faces around the Center. It's spirit lifting.' Empowering moments like those motivate Malone to do more. 'Paul is the true definition of a what a board member should be – reliable, passionate and knowledgeable,' said Rachel Maxwell, Marketing and Fundraising coordinator with WTHSC. 'He goes above and beyond to see our organization succeed. Not only has Paul been a great help with financial guidance, but he also shares the services we provide. Paul is always ready to serve our community.' 'Paul is the true definition of a what a board member should be – reliable, passionate and knowledgeable.' Malone will tell you he shares that trait with his fellow volunteer leaders. 'Everyone on our board has a story, has a reason why they want to serve,' he said. 'It's not just showing up once a month or giving a 'yea' or a 'nay.' When you join the Center board, you're involved with doing good work.' And Malone is especially grateful to the WTHSC staff for doing that good work each day as well. 'Our team members are incredibly compassionate,' he said. 'You don't go into this field without caring about the people you're serving. That care and compassion drew me here. All I wanted was someone to take care of my mom that same way. That's inspiring to me.' Visit 3BL Media to see more multimedia and stories from Regions Bank
