Here's a look at the state of interest rates on five common consumer banking products and the latest rates from Bankrate.com's weekly national survey of large banks and thrifts conducted Aug. 20, 2008.
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Home equity products
Rates: 5.59 percent (line of credit); 8 percent (loan)
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Rates on home equity products were split this week.
The average home equity line of credit -- or HELOC -- rose 3 basis points, to 5.59 percent.
Home equity loan rates remained at 8 percent for the second straight week. This is just the second time in 2008 that loan rates have stood at 8 percent or higher for two consecutive weeks.
-- Chris Kissell
Compare home equity loans in your area. |
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July 30 - Aug. 5
