If you’ve been waiting to take advantage of low HELOC rates, now may be the time. PenFed is offering HELOCs at just 3.25%.

Monitor Bank Rates explains:

“Pentagon Federal Credit Union is offering a home equity line of credit (HELOC) with an annual percentage yield (APR) of 3.25 percent. The rate is prime plus 0 percent as of March 26, 2009. This rate is for a variable line of credit and the rate changes once per quarter.”

HELOC rates are now lower than the interest most people are paying for their student loans. Although home equity rates are variable, they’ve only gone down in recent months.

See Also:

How to Get the Best HELOC Rates and Terms

Tags | Heloc, HELOC Rates, home equity line of credit, PenFed