$150,000 HELOC Monthly Cost After Fed Rate Cut
CBS News reports how the Federal Reserve’s late‑September 2025 rate cut is lowering variable borrowing costs and calculates monthly payments for a $150,000 home equity line of credit (HELOC). Using a sample current HELOC rate of 7.89%, the piece finds payments of $1,811.21 for a 10‑year amortization and $1,423.97 for a 15‑year schedule, and it compares those figures with higher rates and payments from earlier this year and last October.
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Finance
📌 Key Facts
- Sample current HELOC rate used: 7.89%
- Monthly payments for $150,000 HELOC at 7.89%: $1,811.21 (10-year), $1,423.97 (15-year)
- Comparisons: Feb 2025 example rate 8.28% (10-year $1,842.18; 15-year $1,457.83); Oct 2024 example rate 8.73% (10-year $1,878.29; 15-year $1,497.40)