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HELOC Rates Drop to 3-Year Low, Boosting Borrowing

3/19/2026

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Summary

Story summary

HELOC borrowing costs have fallen to 7.17%, near a three-year low, making lines of credit more affordable.
For a $40,000 HELOC, payments are $467.95 for 10 years and $363.34 for 15 years.
Compared with December 2025, when rates were higher, costs have significantly improved.
Borrowers can draw as needed during the initial period and often make interest-only payments, while potential Federal Reserve rate cuts could boost HELOC appeal.

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Story summary

HELOC borrowing costs have fallen to 7.17%, near a three-year low, making lines of credit more affordable.
For a $40,000 HELOC, payments are $467.95 for 10 years and $363.34 for 15 years.
Compared with December 2025, when rates were higher, costs have significantly improved.
Borrowers can draw as needed during the initial period and often make interest-only payments, while potential Federal Reserve rate cuts could boost HELOC appeal.