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Interest Rate Roundup   July 30 - Aug. 5
  Each week, Bankrate takes a look at the state of interest rates on five banking
  products from Bankrate.com's weekly national survey of large banks and thrifts. 
 
Interest Rate Roundup

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 Jan. 14, 2009.

Interest Rate Roundup
Home equity products

Rate: 5.07 percent (line of credit); 8.26 percent (loan)

Rates on home equity products were split this week.

The average home equity line of credit, or HELOC, remained unchanged at 5.07 percent. HELOC borrowing costs have fallen for more than a year as a result of a series of Federal Reserve cuts in the target federal funds rate.

Meanwhile, home equity loan rates increased by 2 basis points, to 8.26 percent. A basis point is one-hundredth of a percentage point.

-- Chris Kissell

 Compare home equity loans in your area.

Bankrate.com's corrections policy
-- Posted: Jan. 15, 2009
 
 
 
 RESOURCES
Experts predict where rates are headed
Fed Outlook blog
Graph rates for the past three months
 TOP SAVINGS STORIES
Winners and losers: Certificates of deposit
Winner or loser: Mortgage shopper
Winner or loser: Home equity loans
 



TABLE OF CONTENTS
 
 
 
 
Checking and Savings
Compare today's rates
NATIONAL OVERNIGHT AVERAGES
Interest checking 0.45%
MMA 0.39%
$10K MMA 0.35%
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