HELOC Rates Drop, Home Equity Soars

HELOC rates continue to decline, now averaging seven point six four percent, offering homeowners a chance to tap into their home equity. With the prime rate at seven percent and over thirty-four trillion dollars in home equity, many are considering HELOCs as a way to access funds without refinancing or selling. However, rates vary based on credit score, debt, and home value, so shopping around is key. Be aware of introductory rates and potential future increases.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.