Heloc Rate Predictions 2024. Currently, the prime rate is 8.50%, up from 3.25% as recently as early march of 2022. If you have substantial equity in your home and need significant financing, a $500k heloc offers a great deal of borrowing power.
According to recent data from the wall street journal, the average heloc rate in 2024 hovers around 7.5% to 8.5% for most borrowers. Compare top lenders in july 2024.