$30,000 HELOC Monthly Payments After Fed Cut
CBS News reports how a $30,000 home‑equity line of credit (HELOC) would translate into monthly payments given current average variable rates following the Federal Reserve’s September 2025 rate cut, and explains why payments could fall further if additional Fed cuts materialize in October and December. The story provides concrete payment examples for common repayment periods and notes the HELOC structure is variable‑rate and tied to market moves driven by Fed policy.
Economy
Finance
🔍 Key Facts
- Current average HELOC rate cited: 7.88%
- Monthly-payment examples: $362.08 per month for a 10‑year repayment; $284.62 per month for a 15‑year repayment (assuming full use of the $30,000 line)
- Context: Fed cut interest rates in September 2025 and lenders may preemptively lower HELOC offers ahead of anticipated October and December 2025 meetings
📍 Contextual Background
- The average interest rate on a home equity line of credit (HELOC) declined to under 8%.