Interest rate cuts are looming. Between a $100,000 HELOC and a $100,000 home equity loan, then, which will be cheaper?

As investors have bought bonds expecting a Fed rate cut, that's helped mortgage borrowers. But even if the Fed does cut, home loans may not benefit.

Rates on new 30-year loans have fallen every day this week, pushing the average to a five-month low. Other major loan types have dropped as well.