When Will Heloc Rates Go Down In 2024. The fed is expected to pause its rate hikes, which could lead to a decrease in heloc rates. Does the prime rate affect helocs?

Here are the average rates for home equity loans and home equity lines of credit as of july 24, 2024. If you’re on the hunt for a home equity line of credit (heloc), you won’t be surprised to learn that current heloc interest rates remain elevated, thanks to inflation.