HELOC Rates Drop 14bps to 7.18% as TransUnion Prepares RBC Presentation
Bankrate’s survey shows a $30,000 HELOC rate declined 14 bps to 7.18% and a five-year $30,000 home equity loan rate fell three bps to 7.84%, both reaching multi-year lows. TransUnion CEO Chris Cartwright and CFO Todd Cello will present at RBC Capital Markets on March 11.
1. Home Equity Rates Decline to Multi-Year Lows
Bankrate’s latest national survey shows a $30,000 HELOC rate slipped 14 basis points to 7.18%—its lowest level in over three years—while a five-year $30,000 home equity loan rate eased three basis points to 7.84%. These declines reflect Fed policy stasis and moderating inflation expectations.
2. Implications for TransUnion’s Business
Lower home equity rates could boost HELOC and home equity loan originations, driving demand for TransUnion’s credit data and analytics services. Increased lending activity may support higher revenue from core credit reporting and fraud risk solutions.
3. Upcoming RBC Capital Markets Presentation
TransUnion President and CEO Chris Cartwright and CFO Todd Cello will present at the RBC Capital Markets Global Financial Institutions Conference on March 11 at 9:40 a.m. CT. The live webcast and subsequent replay will be available on TransUnion’s investor relations website.