Will Heloc Rates Go Down In 2024. However, it’s essential to note that. Mcbride’s forecast shows the average heloc rate falling to 8.45 percent by the end of 2024, more than 1.5 percentage point lower than where it settled at the end of 2023.

Fortunately, there are still some more affordable options for homeowners who need to borrow money: Home equity loan rates in 2024 won’t see as much of a decrease as heloc rates, according to mcbride.