Should you refinance your home equity loan this summer? Here's when it may make sense [CBS News]
Intercontinental Exchange Inc. (ICE)
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Source: CBS News
While home equity loan interest rates have fallen since late 2023, they may have more room to drop . Recent economic reports suggest that the Federal Reserve could cut its federal funds rate later this year, and rates on home equity loans could fall if that happens. But even if there's no change made to the federal funds rate, other factors could help spur interest rate reductions . And, there are a few dates you should pay attention to in particular if you want to refinance your home equity loan this summer. Find out what home equity loan refinance rates you could qualify for now Should you refinance your home equity loan this summer? Here's when it may make sense Here are a few dates that could be important in terms of home equity loan refinancing this summer: July 1 and August 1 The Intercontinental Exchange (ICE) Mortgage Monitor report is typically released on the first business day of each month, which means July 1 and August 1 are upcoming dates to pay attention to. Bu
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