Fintech sector ETFs containing online money borrowing stocks have rallied 5% in June, breaking above 50-day moving averages. Technical analysts suggest potential continuation toward previous 2023 highs. Home equity loans have interest rates slightly higher than HELOCs (ranging from 8.21% to 8.34% now for qualified borrowers, depending on the repayment period). But they have something that HELOCs do not have that can be particularly valuable in today's uncertain economy: a fixed interest rate. That 8.21%, once locked in, will be the same until the loan is repaid (unless the homeowner decides to refinance it). While that may feel ineffective now with HELOC rates materially lower, it can be the smarter way to borrow money long-term, as you'll be protected against any rate changes upward in the future. Bluevine offers business checking accounts and lines of credit. A line of credit can provide your small business with quick funding from which you can continue to draw as you repay the credit line. That said, consider that the Bluevine line of credit comes with high annual percentage rates and payments must be made weekly or monthly. The growth trajectory for listed online money borrowing platforms remains solid in mid-2024, supported by expanding consumer confidence and favorable regulatory conditions. Analysts cite price targets 15% above current trading levels.
