Feds Cut Interest Rates Again
Earlier today the Federal Reserve cut the federal funds rate a quarter of a point, from 2.25 to 2. The prime rate, used to determine the majority of HELOC interest rates, generally mimics the federal...
View ArticleFederal Reserve: Tighter Lending Standards for HELOCs
According to a Federal Reserve report released earlier today, most HELOC lenders have tightened their standards for new borrowers and / or changed terms for existing borrowers. A vast majority of...
View ArticleGreenspan Forsaw Home Equity Line Crisis
According to some, former Federal Reserve Chairman Alan Greenspan may have foreseen the current housing crisis – including the current issues with home equity lines of credit. Bloomburg reports: “For...
View ArticleHome Equity Line of Credit Rates Stay Steady Through This Week's Crisis
Many financial analysts speculated that the government would slash the Federal Funds Rate earlier today. But, Federal Reserve chairman Ben Bernanke and his colleagues voted unanimously to keep rates...
View ArticleFeds Slash Interest Rates to 1%
If you’re one of the few who can still qualify, now may be a smart time to take out that home equity line of credit. Earlier today officials slashed the Federal Funds rate a half point to just 1%. The...
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