HELOCs Gain Popularity: Tap Home Equity at Low Rates
Update: 2025-11-19
Description
Home Equity Lines of Credit (HELOCs) are gaining popularity due to their attractive rates, currently averaging 7.64%. With homeowners sitting on over $34 trillion in equity, many are turning to HELOCs to access funds for home improvements, debt consolidation, or other needs. HELOC rates are often tied to the prime rate, but lenders have flexibility in their pricing, making it essential to shop around for the best deal.
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