HELOC Rates Average 7.75% After Prime Rate Cut, Prompting New Offers
The average rate on a U.S. home equity line of credit (HELOC) stands at 7.75%, according to analytics firm Curinos. That figure reflects lending terms for borrowers with credit scores of at least 780 and a combined loan-to-value ratio no higher than 70%. With the prime rate now down a quarter point to 7.00%, lenders […]