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Story summary
- HELOC rates have declined to 7.17% as of September 2024 from around 10%, reducing borrowing costs.
- A $75,000 HELOC would cost about $877 per month over ten years and about $681 per month over fifteen years.
- The costs represent savings relative to previous rates in late 2025 and early 2025.
- Borrowers should evaluate potential future rate increases before committing to a HELOC.
