But with a Fed rate cut issued at the end of October, which followed one in September, costs here may already be low enough to justify taking action. So, how much does a $75,000 HELOC cost monthly now, after the October Fed rate cut? That's what we'll calculate below. See how much home equity you could borrow with a HELOC here now.

President Trump said he may have decided who he wants to select to be the next chair of the Federal Reserve. “I think I already know my choice,” Trump told reporters in the Oval Office. But Trump didn’t reveal who he would choose.