HELOC and home equity loan rates Saturday, June 13, 2026: Fed meets next week - don't wait for HELOC rates to rise

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Home equity line of credit and loan rates remain elevated as the Federal Reserve prepares to meet next week, prompting financial advisors to warn borrowers against delaying decisions in hopes of better terms. HELOC rates, which typically track closer to prime lending rates than fixed mortgages, are sensitive to Fed policy shifts. Experts suggest that waiting for rate cuts could backfire if the central bank signals a more hawkish stance on inflation. Borrowers considering tapping home equity should lock in current terms rather than gamble on near-term improvements, according to rate analysts monitoring the market ahead of the Fed's announcement.