Will Heloc Rates Go Down In 2024 Or Not. Home equity loan rates have already started to drop this year — at least slightly, but more notable drops could come once the federal reserve. The federal reserve won't make its next rate decision until september 18, but homebuyers are already getting a break on borrowing costs, with the average.

The last federal reserve meeting ended on july 31, 2024, when central bankers voted to leave. They will likely fluctuate depending on factors such as the current prime rate.