What Is A Home Equity Loan?
Savings Corner
APRIL 4, 2024
Home equity loans were only down by 3 percent, though – perhaps a reflection of a homeowner’s confidence in the predictability of a fixed-rate home equity loan versus the volatility of variable-rate HELOC (more on that below). 10.16% The average $30,000 HELOC rate as of the beginning of January 2024 — up from 7.62% in January 2023.
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