this with the article, the name is HELOC, home equity loan interest rates are falling again. Is now the time for owners to act? Homeowners received some welcome news this week via falling home equity borrowing rates, which dropped to their lowest point since 2023. According to Bankrate's national survey of lenders, the average rate on a $30,000 home equity line of credit (HELOC) slipped five basis points to 7.84% this week, while the benchmark five-year $30,000 home equity loan dropped six basis points to 8.15%. As a result, home equity borrowing is more affordable across the board than it has been in the last couple of years. And, while those five- and six-basis-point drops may seem modest on paper, the reality is that in today's elevated rate environment, even small rate movements can make a meaningful difference in terms of what homeowners pay to borrow against their home equity. And, with the average homeowner currently having over $300,000 worth of home equity, today's home equity loan and HELOC rates could equal hefty savings for the right type of borrower. But is now really the moment to act if you've been waiting to tap into your home's equity? Below, we'll break down what homeowners should consider as they weigh their options. Find out how affordable your home equity borrowing options could be now. Should homeowners take action now with home equity rates falling? For homeowners who've been considering a HELOC or home equity loan, this latest rate movement