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Stock impact report

Will home equity loan rates fall after the June Fed meeting? Here's what experts say. [CBS News]

PNC Financial Services Group, Inc. (The) (PNC) 
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am Check Earnings Report
Company Research Source: CBS News
This cautious approach has left homeowners wondering when borrowing relief might come, particularly with the Fed's June meeting right around the corner. Will policymakers signal future rate cuts or continue to hold the line? This question looms large if you're considering a home equity loan or home equity line of credit (HELOC) . While Fed decisions don't directly control these rates, they do influence the broader interest rate environment that affects your borrowing costs. We asked mortgage analysts and lending professionals what homeowners can expect from home equity rates after the June meeting. Below, we'll examine their predictions. Start by seeing how low of a home equity loan rate you'd currently qualify for here Will home equity rates fall after the June Fed meeting? Industry professionals generally don't expect a notable decline right after the June 18 Fed meeting. "I don't see home equity rates dropping much," Steven Glick, director of mortgage sales at real estate Show less Read more
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