HELOC Rates at Historic Low, Homeowners Benefit

Homeowners can now access their home equity at record-low HELOC rates, averaging below 7.5%. With nearly $36 trillion in home equity, many are opting for HELOCs over selling or refinancing. These flexible credit lines allow borrowers to tap into their equity without disturbing their primary mortgage. However, its crucial to shop around, understand fees, repayment terms, and potential rate changes before making a decision.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.