How Interest Rates Work on a Home Equity Line When the Prime Rate Changes
Most HELOCs are priced at prime plus 0–2%, so a 0.25% Fed move shifts your rate within one billing cycle. Here's exactly how that math works.
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Most HELOCs are priced at prime plus 0–2%, so a 0.25% Fed move shifts your rate within one billing cycle. Here's exactly how that math works.