Latest / Inflation and Your Money with Fexingo: Protecting Purchasing Power and Beating Inflation
How Inflation Is Quietly Eating Your Home Equity Line of Credit
Episode 133 of Inflation and Your Money with Fexingo: Lucas and Luna drill into a hidden inflation cost that's quietly squeezing millions of homeowners — the Home Equity Line of Credit (HELOC). With the Fed funds rate at 3.63% and inflation still sticky despite CPI cooling to 332.6, variable-rate HELOCs have repriced dramatically. Lucas walks through how a borrower who opened a $50,000 HELOC in early 2022 likely saw their rate jump from around 4% to nearly 10%, adding hundreds a month in interest. They discuss the mechanism: prime rate plus a margin, and how the timing of draws matters…
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