Heloc Rates December 2024. A home equity line of credit, or heloc, is a second mortgage that lets you convert some of your equity in your home back into debt in exchange for cash. 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.

The average rate on a heloc was 10.12 percent as of dec. The best home equity line of credit (heloc) rates are low compared to the national average, with lenders offering additional perks like introductory annual.