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Best HELOCs Cost A Little More This Fall

The best home equity lines of credit are a little more costly this fall than they were in early summer.

Back in June a number of lenders were offering HELOCs for less than 4%. Now only a couple have deals that good.Back in June a number of lenders were offering HELOCs for less than 4%. Now only a couple have deals that good, and most borrowers will pay 4.25% or more.

The cost of these variable-rate loans will almost certainly go up even more next year when the Federal Reserve starts raising short-term interest rates.

But home equity lines of credit remain the cheapest type of consumer loan and you’ll have a tough time beating our six favorite deals.

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