Low HELOC Rates May Not Last: What Homeowners Need to Know The recent dip in HELOC rates has been a boon for homeowners seeking to tap into their home equity. With average national HELOC rates hovering around 7.
21%, it's tempting to seize the opportunity while interest rates are low. However, experts caution that these favorable conditions may not persist.
A growing probability of a Federal Reserve rate hike throughout the year, with nearly 43% odds in December, suggests that homeowners who have been waiting for inflation to ease before tapping into their home equity might face higher interest rates.