home equity

Home equity loan averages for March 26, 2009

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 March 25, 2009.

  • Mortgages
  • CDs
  • Auto Loans
  • Home Equity
  • Credit Cards

Home Equity

Rate: 5.57 percent (line of credit); 8.61 percent (loan)

Rates on home equity products split this week.

The average home equity line of credit, or HELOC, fell 5 basis points, to 5.57 percent. Home equity loan rates ticked up 1 basis point, to 8.61 percent. Loan rates remain at their highest levels in more than seven years.

To find the best home equity loan rates in your area, check Bankrate's interactive tool.

-- Chris Kissell

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
MORTGAGE & REAL ESTATE NEWSLETTER

Timely market news and advice for consumers ready to buy, sell or invest in real estate. Delivered weekly.

advertisement

Ask Dr. Don

Use home loan for college costs?

Dear Dr. Don, We have owned our home for five years. It's currently valued at $325,000. We'd like to borrow $50,000 to $70,000 for college costs. Can we take out a second mortgage at a lower interest rate, or must we take... Read more

Partner Center
advertisement

Connect with us