Will HELOC interest rates continue dropping this December? [CBS News]
CME Group Inc. - Class A (CME)
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Source: CBS News
a cost-effective way to borrow money when rates on other products surged. HELOCs, in particular, have hit multiple 2024 lows as of late, making them an attractive option for homeowners who don't want to be burdened with the fixed rate that a home equity loan comes with. HELOCs, on the other hand, have variable rates that will change every month . And homeowners won't need to pay to refinance to secure the lower rate as the line of credit will adjust independently. Understanding this dynamic, then, both current borrowers and those homeowners exploring their possible HELOC options may be wondering about the potential for HELOC interest rates to fall further this December and into 2025. While predicting the future of interest rates is exactly that - a prediction - there is a strong likelihood that HELOC interest rates will continue to trickle downward. Below, we'll explain why. See what HELOC interest rate you'd be eligible for here Will HELOC interest rates continue dropping this D
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