HELOC Rates Drop, Offering Homeowners Flexibility

The average HELOC rate is currently under 7.5%, with lenders offering competitive rates and introductory offers following the Feds rate cut. Homeowners can tap into their homes value with a HELOC, enjoying flexibility and avoiding the loss of a favorable primary mortgage rate. For instance, Fifth Third Bank offers a 4.99% introductory rate for the first six months. When considering a HELOC, compare offers, focusing on introductory and variable rates, fees, repayment terms, and minimum draw amounts.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.