Interest rates are cooling overall, which has led to more affordable costs on borrowing products like mortgages, personal loans and other lending options. But  home equity lines of credit (HELOCs) , in particular, have become significantly more affordable over the past year. One of the primary drivers of the recent rate declines has been the Federal Reserve, which  cut its benchmark rate three times to close out 2024, leading the federal funds rate to decline by a full point. As is often the