HELOC Rates Drop to 3-Year Low

Homeowners can now access record-low HELOC rates, with the national average dropping to 7.44%. With $36 trillion in home equity, many are tapping into this for renovations, debt consolidation, or even vacations. Lenders offer aggressive introductory rates, like FourLeaf Credit Unions 5.99% APR for the first year. However, rates can vary widely, so shop around and consider the flexibility and interest-only payment structure of HELOCs.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.