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National home equity loan averages for March 19, 2009

By Chris Kissell • Bankrate.com

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 April 1, 2009.

Home Equity

Rate: 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

 

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Posted: March 19, 2009
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About this index
Home Equity Averages
Product Rate +/- Last week
$30K HELOC
4.99% 4.99%
$30K home equity loan
6.19% 6.17%
$50K HELOC
4.55% 4.52%
$75K home equity loan
5.91% 5.93%
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