When Will Heloc Interest Rates Go Down. Since helocs have variable interest rates tied to the prime rate, your interest rate will go up and down over time. The last federal reserve meeting ended on july 31, 2024, when.

When a cut is made, schachter says heloc interest rates will be reduced by the same amount. Heloc interest rates are variable, meaning they can rise just as easily as they can fall and lead to sizable increases in your monthly payment.