Will Heloc Rates Go Down In 2024. Home equity credit lines have variable interest rates, which change based on the prime rate, which is tied to. So, if you need to access your home equity now, use a heloc and if rates fall in the future, your.

The fed is expected to pause its rate hikes, which could lead to a decrease in heloc rates. Home equity loan rates in 2024 won’t see as much of a decrease as heloc rates, according to mcbride.