Tag #Borrowing

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theguardian.com
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UK Government Borrowing Lower Than Expected in July

The UK government's July borrowing was £1.1 billion, lower than predicted, offering Chancellor Rachel Reeves some relief before her autumn budget; however, economists warn of continued pressure due to rising inflation and debt.

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No-Closing-Cost HELOCs: Hidden Costs and Considerations

No-closing-cost HELOCs are becoming popular, but hidden costs like higher interest rates and early repayment penalties exist; borrowers should carefully compare offers and timelines before choosing.

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Student Loan Rates Fall for 2025-26 School Year

Federal undergraduate student loan interest rates for the 2025-26 school year are 6.39%, down from 6.53% in 2024-25; private lenders offer fixed rates as low as 3.29% and variable rates from 4.39%, but strong credit or a co-signer is often required.

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Low Home Equity Loan Rates and High Home Equity Create Favorable Borrowing Climate in June 2025

Home equity loan interest rates hit a 2025 low of 8.23% in May, offering significant savings compared to credit cards (near 23%) and personal loans (approaching 13%), with the average home equity at $313,000, making June 2025 a potentially favorable time to borrow.

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Home Equity Loans Remain Valuable Despite Falling HELOC Rates

As of April 1, 2025, home equity loan interest rates average 8.37%, down from 9.08% in early January 2024, offering a fixed-rate alternative to declining but variable HELOC rates; both options provide similar tax benefits for eligible home improvements.

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HELOC Rates Hit 18-Month Low Amidst Economic Uncertainty

HELOC interest rates have dropped to 8.06% for qualified borrowers in March 2025, down from 10.16% at the start of 2024, impacting both prospective and current borrowers due to the variable rate nature of HELOCs. However, borrowers should monitor inflation, Federal Reserve meetings, and home equity ...

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cbsnews.com
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Record Home Equity Levels Unlock Trillion-Dollar Borrowing Opportunity

U.S. homeowners' tappable home equity hit a record $11.6 trillion in Q2 2025, offering access to funds via home equity loans (under 8.50% interest), HELOCs (around 8%), and reverse mortgages, but requiring careful consideration of repayment risks.

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cbsnews.com
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Preparing for Lower HELOC Rates: 3 Strategic Moves for Homeowners

A September Federal Reserve rate cut is increasingly likely, prompting homeowners to improve their credit scores, shop around for HELOC lenders, and calculate repayment costs to optimize borrowing terms before applying.

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cbsnews.com
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HELOC Rates Fall to 8.14%, Offering Cheap Borrowing Option

Home equity lines of credit (HELOCs) interest rates fell six basis points to 8.14% this week, marking them as one of the cheapest borrowing options currently available, compared to home equity loans (8.24%), personal loans (above 12%), and credit cards (around 21%), with an average home equity of $3...

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Home Equity Loan Rates Fall, but Fixed Rates Offer Stability Amidst Economic Uncertainty

Average home equity loan interest rates dropped to 8.38% this week, down from 8.40% last week and significantly lower than the 9%+ rates from earlier in 2024; however, HELOC rates, at 8.00%, remain slightly lower, yet carry the risk of variable interest rates.

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HELOC Rates Hit Two-Year Low at 8.03%

HELOC interest rates have fallen to a two-year low of 8.03%, down two percentage points in six months, due to decreasing inflation and anticipated Fed rate cuts; however, borrowers should manage risks associated with variable rates and explore various interest rate scenarios for affordability.

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cbsnews.com
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Record Low HELOC Rates Present Timely Financing Opportunity for Homeowners

HELOC interest rates have dropped to a record low of 8.06%, down from approximately 10% at the start of 2024, offering homeowners a timely opportunity to access financing; however, careful affordability assessment and lender comparison are crucial.

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Showing 1 to 12 of 24 results