是这样的。

HELOC rate is determined by a short term rate called Prime Rate which is US Fed Fund Rate + 3.  Mortgage rates are determined by 10-year US Treasury Bond.  General speaking, interest on HELOC is higher than mortgage rates. 

For the past 10 years, you can see HELOC rates are the same or even lower than the mortgage rates, that is because Federal Reserver Bank has been keeping the Fed Fund rate at very low level.  Because competition, some banks are offering the first year HELOC rate 1% lower than actual HELOC rate.

With current Federal Reserve Bank rate normalization process, we have been seeing the Fed Fund Rate going up for the past 1.5 years.  We should expect HELOC rate and mortgage rates normalized as well.

所有跟帖： 

• 谢谢您的解释。那HELOC和refinance有什么不同？我上次从pay off的房子拿钱买投资房，Loan officer让我 -pollyli- ♀ (26 bytes) () 03/31/2018 postreply 08:09:45

• 如果你有下一个投资的目标，Refi是比HELOC更好的方法。 -hhtt- ♂ (303 bytes) () 03/31/2018 postreply 08:19:05

• 照您这样解释似乎是HELOC更好，因为不用就不交interest，那您为什么说refinance 好呢？ -pollyli- ♀ (0 bytes) () 03/31/2018 postreply 08:38:51

• 我的前提是你有下一个投资的目标，Refi的利率是可以定期的。 -hhtt- ♂ (735 bytes) () 03/31/2018 postreply 08:55:07

• 谢谢，收益匪浅 -pollyli- ♀ (0 bytes) () 03/31/2018 postreply 09:54:53