Home Equity Rates Drop, But Accessing Equity Remains Challenging

Home equity rates have plummeted nationwide, but the number of equity-rich homeowners has decreased. The lowest rates were seen in January and March, with HELOCs averaging 7.21% and home equity loans at 7.36%. Despite low primary mortgage rates, tapping into rising home values is challenging without a second mortgage. Shop around for low fees, draw minimums, and terms that suit your needs, as rates are currently at their lowest. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/88b6c033eb708728