Finance Media Queries for 03/06/25
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This afternoon requests come from CBS News, GoBankingRates and more!
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1) SUMMARY: Looking to hear from lending experts if it is worth it to get a HELOC rate lock
NAME: Melanie Lockert
EMAIL: deardebt@gmail.com
MUCK RACK URL: muckrack.com/melanie-lockert
MEDIA OUTLET: CBS News MoneyWatch
MEDIA WEBSITE: https://www.cbsnews.com/moneywatch/managing-your-money/
DEADLINE DATE: 2025-03-07
DEADLINE TIME: 05:00 pm
TIME ZONE: Eastern Standard Time
QUERY: I'm writing an article on CBS News MoneyWatch about whether it is worth it to get a HELOC rate lock. We're in an uncertain rate environment, January's inflation was up, and the Federal Reserve paused rate cuts. HELOC rates are typically variable, but some lenders may offer borrowers the ability to lock the rate.
1. What fees or additional costs should people consider when getting a HELOC rate lock?
2. What's the process to get a HELOC rate lock?
3. What are some scenarios in which people should look into a HELOC rate lock?
4. What downsides should people be aware of with a HELOC rate lock?
5. As an example, how much would a borrower save with a HELOC rate lock if rates rose 15 basis points after the lock?
6. Anything else you'd like to add that borrowers should know?
Please include your full name, title, credentials, email, and LinkedIn. This information is required for fact-checking. Please note that the use of AI is not permitted. I can accept written comments, but all comments will be run through GPTZero, so make sure they're original, unique comments with a point of view. Thank you for your time!