Rates

I just finished my application for extending the limit on my Home Equity Line Of Credit (HELOC). Since this concerns financial information, I will not mention specifics... It seems the higher your limit, the lower your rates will be. This is a much needed relief as the variable rate on my HELOC has climbed up as high as 8.8%. The process was simple - call the bank's 800 number and explain your needs. It helps to be prepared. I have called the same bank a few days prior, and it seemed they were less than helpful. It turned out that I was not asking the correct questions. Only after speaking to two other banks was I able to better understand the market rates and my available options. My new rate is now 7.49% with no fees or closing costs :)