1836 Blog

One of your monthly housing bills may get bigger

One of Your Monthly Housing Bills May Get Bigger
By Diana Olick

Interest rates are rising, and while most homeowners today have fixed-rate mortgages, millions of them also have home equity lines of credit (HELOC), which are suddenly getting more expensive.

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Home equity lines of credit are susceptible to a rise in interest rates, which means they just got more expensive.

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