Home equity rates likely to fall in October
CBS News reports that home equity loan and HELOC rates are sliding and could fall further in October 2025 as markets price in additional Federal Reserve cuts. The article cites the Fed’s September 2025 rate cut, a CME Group FedWatch probability (~92.5%) that the Fed will cut again at its October meeting, August inflation data (CPI +0.4% to 2.9%), and on‑the‑record commentary from lending executives at PNC Bank and First Tech Federal Credit Union about expected movement and timing differences between fixed home‑equity loans and variable HELOCs.
Economy
Finance
📌 Key Facts
- Federal Reserve cut the federal funds rate in September 2025 (referenced as having occurred)
- CME Group FedWatch shows about a 92.5% probability markets expect another Fed cut at the October 2025 meeting
- U.S. CPI rose 0.4% in August 2025 to an annual 2.9%, a datapoint the article cites as context for rate decisions
- Named lender quotes: Joe Perveiler (PNC Bank) and Matt Hanna (First Tech Federal Credit Union) provide forecasts and cautions about timing and differences between HELOCs and fixed home‑equity loans