Mortgage rates may be a mystery; they move up one day and down the next, often befuddling the experts. However, the prime rate, which is the foundation for the interest you’re charged on home equity lines of credit, is a bit more transparent. The Federal Reserve establishes short-term rates — and indirectly the prime rate...
Home Equity Line Of Credit Rates To Rise; What Should You Do?
Hal M. Bundrick, CFP, NerdWallet.com
Thu, 01/12/2017 - 2:15pm
Topics: personal finance
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