How could HELOC rates change after the December Fed meeting? [CBS News]
CME Group Inc. - Class A (CME)
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Source: CBS News
This unique feature was a major benefit for borrowers in recent years as they saw interest rates surge on everything from mortgages to personal loans and credit cards. By comparison, HELOCs remained relatively cheap. And, in 2024, they've become more so, steadily dropping from an average rate of 10.16% on January 3 to 8.53% as of December 12. But could they change again shortly? With a new inflation report out this week and the final Federal Reserve meeting of the year scheduled for December 17 and December 18, prospective borrowers may be wondering about any changes that are set to come for HELOC rates. Below, we'll break down how rates on this product could change even further after the next Fed meeting. Considering a HELOC now? See what rate you could qualify for here How could HELOC rates change after the December Fed meeting? In theory, HELOC interest rates could fall slightly after the December Fed meeting as another 25 basis point cut to the federal funds rate is widely e
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