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Latest HELOC & Home Equity Loan Rates: March 11, 2025
- Home equity loans and HELOCs allow homeowners to tap into the value of their homes.
- Home equity loans are a fixed-rate, lump-sum loan that can be paid back in monthly installments.
- HELOCs are a variable-rate second mortgage that draws on your home's value as a revolving line of credit.
- HELOC rates are tied closely to banks and may see an increase due to expected rate hikes by the Federal Reserve.
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