Will Home Equity Loan Rates Go Down In 2024

Will Home Equity Loan Rates Go Down In 2024. Your credit score, loan amount, equity, and other factors will influence what rate you get, but generally speaking, home equity loan rates in 2024 average between. That suggests the fed will cut rates by 0.75.

Experts say if the fed drops its rate, home equity rates will fall, too. Helocs benefit most from rate decreases.