- 5.6% (line of credit)
- 7.28% (loan)
Here’s a look at the state of home equity rates from Bankrate.com’s weekly national survey of large banks and thrifts conducted June 16, 2010.
Rates on home equity products fell this week.
The average home equity line of credit, or HELOC, edged down 1 basis point, to 5.6 percent. Meanwhile, home equity loan rates slipped 3 basis points, to 7.28 percent. They remain at their lowest level since November 2005. To find the best home equity loan rates in your area, check Bankrate’s interactive tool. — Chris Kissell