Home Equity Line of Credit (HELOC) rates remain stable as of September 26, 2024. Our editorial team has compared rates for 60%, 80%, and 90% loan-to-value ratios, which stand at 8.93%, 9.12%, and 10.01%, respectively.
Steady Rates Across the Board
If you're considering tapping into your home's equity, it's crucial to understand the current borrowing costs. At 8.93%, the rate for a 60% loan-to-value ratio is the most competitive option, offering a balance between affordability and borrowing flexibility. For those looking to leverage up to 80% of their home's value, the rate stands at 9.12%, slightly higher but still reasonable for many borrowers.
Comparing Weekly and Monthly Rates
When comparing these rates to last week and last month, we can see that they have remained relatively constant, providing a sense of stability for homeowners looking to access funds. It's essential to keep an eye on these trends if you're planning to take out a HELOC in the near future.
Editorial Note on Commissions
As a final note, it's important to mention that Blueprint may earn commissions from affiliate links. However, rest assured that our team prioritizes editorial integrity above all else. By providing accurate and up-to-date information, we aim to empower our readers to make informed financial decisions. Whether you're in the market for a home equity loan or simply curious about current rates, understanding the landscape of HELOCs can help you navigate the borrowing process with confidence. Stay informed, compare your options, and make the financial choices that align with your goals and circumstances.