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Stock impact report

Does a HELOC make sense with inflation rising again? What experts say [CBS News]

Heritage Financial Corporation (HFWA) 
Last heritage financial corporation earnings: 4/30 08:00 am Check Earnings Report
Company Research Source: CBS News
However, home equity loans and home equity lines of credit (HELOCs) became more expensive over the past several years as inflation surged in the post-pandemic era. As inflation began to cool in 2024, those hoping to get a loan against their equity saw signs of potential relief in the interest rate forecast . Unfortunately, this was short-lived as inflation began to tick back up and home equity and HELOC loan rates once again began to climb. With inflation rising slightly in October , many homeowners are left wondering if a HELOC makes sense during these turbulent economic times -- especially since, unlike a home equity loan , HELOCs have variable interest rates To help you decide if a HELOC could be the right choice, we asked experts to weigh in about this borrowing method under current economic conditions. See what HELOC interest rate you could qualify for here now Does a HELOC make sense with inflation rising again? The good news for would-be borrowers is that most experts Show less Read more
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