Heloc Interest Rate Predictions 2024. There's a chance that heloc interest rates will fall in 2024, but it can still make sense to take advantage of this loan product to access the money you need now. Several factors impact the interest rate such as prime rate, loan repayment term and your credit history.
Heloc interest rates could be 1.5% lower by late 2024 using the cme fedwatch table from above, the fed funds rate could end 2024 in a range of 3.75% to 4.00%, which would be 1.5% below the current range of 5.25% to 5.50%. If you have substantial equity in your home and need significant financing, a $500k heloc offers a great deal of borrowing power.