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Will Heloc Rates Go Down In 2024. When the fed cuts the federal funds rate, the prime rate goes down, and so do heloc rates. The last federal reserve meeting ended on july 31, 2024, when.

So, if you need to access your home equity now, use a heloc and if rates fall in the future, your. With the fed looking to lower rates later in 2024, a heloc may be more beneficial than a home equity loan because.