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Current HELOC & Home Equity Loan Rates: March 3, 2025
- Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes.
- HELOCs offer a variable-rate second mortgage that works as a revolving line of credit.
- Home equity loans have fixed rates and are paid back in monthly installments.
- HELOC rates are influenced by banks and expected to rise in the coming years.
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