In the United States, roughly 20.5 million people lost their jobs in April 2020, and the unemployment rate jumped to 14.7%. In an effort to support the economy, the FOMC dropped the federal funds ...

Moreover, home equity lending options typically offer competitive interest rates since they're backed by your home. But home equity loan rates fluctuate in response to federal funds rate ...

Current home equity loan rates are a little bit lower than current HELOC rates. If you're looking to fund a home improvement project or repair, a home equity loan can be an affordable way to do so.

FHA loan rates can vary by lender, though, so be sure to compare your options before submitting a mortgage application. An FHA loan is a mortgage insured by the Federal Housing Administration.

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