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Clayton Morris Shares: Best Tips for Using a HELOC in 2024 - Morris InvestAverage HELOC rates are currently around %, according to data from CNET sister site Bankrate. That's higher than current average mortgage rates -- which are. On the day we checked, the lender's California rate was % based on a $, line of credit, with two types of rate discount applied. Bank of America offers a special variable intro rate on HELOCs. For instance, in California, borrowers can benefit from a % variable APR for.
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