Home Equity
Rate: 5.2 percent (line of credit); 8.4 percent (loan)Rates on home equity products shot up this week.
The average home equity line of credit, or HELOC, increased by 13 basis points to 5.2 percent. Meanwhile, home equity loan rates soared 14 basis points, to 8.4 percent. That's the highest rate since November 2001.
To find the best home equity loan rates in your area, check Bankrate's interactive tool.
-- Chris Kissell