Althea Kerrie

Heloc Interest Rate Predictions 2024. Mcbride’s forecast shows the average heloc rate falling to 8.45 percent by the end of 2024, more than 1.5 percentage point lower than where it settled at the end of 2023. If you have substantial equity in your home and need significant financing, a $500k heloc offers a great deal of borrowing power.

Because it’s backed by your home, expect that rate to be a lot lower than other borrowing options, like credit cards. The average rate for home equity lines of credit hit 9.53%, to hold steady.