Home EquityRate: 5.51 percent (line of credit); 8.59 percent (loan)
Rates on home equity products fell this week.
The average home equity line of credit, or HELOC, fell 6 basis points, to 5.51 percent. Home equity loan rates slipped 2 basis points, to 8.59 percent.
To find the best home equity loan rates in your area, check Bankrate's interactive tool.
-- Chris Kissell