How a HELOC Fixed-Rate Option Works Fixed-rate HELOCs are a hybrid of a regular HELOC and a home equity loan. Like other HELOCs, they provide a credit line that you can borrow money from as needed ...

However, a fixed rate could potentially help when rates are uncertain and could increase. Let's say you take out a $100,000 HELOC with an average rate of 8.06%.

With a fixed-rate HELOC, you have the option to fix the rate on some or all your balance during the loan's term. There may be limits on how many times you can fix your rate or how many fixes can ...