HELOC Rates Drop to Record Low

Discover the benefits of HELOCs: With average rates under eight percent, homeowners can access home equity for improvements or expenses. Lenders use index rates and margins, so shopping around can yield lower rates. HELOCs offer flexibility and can be a great alternative to selling or refinancing. However, be aware of variable interest rates and potential rate increases.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.