Mortgage rates are 6.65%. Why are HELOC rates 7.31%?
Don't compare a HELOC rate directly with a 30-year mortgage rate.
Don't compare a HELOC rate directly with a 30-year mortgage rate.
BELLINGS Intelligence Score: 12
Why it matters
This is a routine market observation explaining the spread between HELOC and mortgage rates, offering no new structural insight or market-moving information for credit professionals.
Sources
TheStreet
Mortgage rates are 6.65%. Why are HELOC rates 7.31%?
Don't compare a HELOC rate directly with a 30-year mortgage rate.