Mortgage rates may be a mystery; they move up one day and down the next, often befuddling the experts. However, the prime rate, which is the foundation for the interest you’re charged on home equity lines of credit, is a bit more transparent. The Federal Reserve establishes short-term rates — and indirectly the prime rate...
from NerdWallet
https://www.nerdwallet.com/blog/mortgages/curb-rising-rates-home-equity-line-credit/
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