What Is A Home Equity Loan?
Savings Corner
APRIL 4, 2024
As of late January 2024, home equity loan rates for the benchmark $30,000 loan are averaging just under 9 percent, within a tight range of 8.5 While high compared to their average of six percent in 2022, that’s significantly lower than other forms of consumer debt. How does a home equity loan work? to 10 percent.
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