How are fixed home equity loan rates determined?
Pablo1709 asked:
I’ve noticed on historic charts that there doesn’t seem to be any correlation between home equity loans and HELOCS or mortgage rates. I know HELOCs are usually based off of the prime rate, but what determines how fixed home equity loan rates fluctuate?
I’ve noticed on historic charts that there doesn’t seem to be any correlation between home equity loans and HELOCS or mortgage rates. I know HELOCs are usually based off of the prime rate, but what determines how fixed home equity loan rates fluctuate?
August 13, 2008
• Tags: Correlation, Fixed Home Equity Loan, Home Equity Loan Rates, Home Equity Loans, Prime Rate • Posted in: Credit