Long story short, my house had a conventional mortage at 7.25% with $80,000 left. We had a heloc attached which we never used - until this year. The heloc was $200,000. We decided, because of low interest rates, to pay off the $80,000 mortgage and use the remainder of the heloc to do much needed repairs to our house to sell it.

The interest on the heloc is 4% for the first $50,000 and 3.4% for the rest. We have used $180,000. We will list the house in 2 weeks.

Should we continue to gamble on the heloc staying at these rates? Is there a safer way to finance this amount without having to pay points on a fixed? I hope the house sells fast, but it seems houses are just sitting and people are not buying. I don't know how long it will take and this is making me nervous. House was bank appraised 6 months ago for high 9's.

I would appreciate any advice,

Kate