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Updated 10 months ago,

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11
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1
Votes

When do adjustable HELOC rates go down?

Spencer Elliott
Posted

I acquired a HELOC last year at 5% and it's currently 10.5%. It was quick to increase, but wouldn't it fall just the same? Looking online, responses say it adjusts every 6 weeks or so. it has never reduced so far. Is it time to buy it out with another bank? TIA

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