home equity

National home equity loan averages

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 May 20, 2009.

Home Equity

Rate: 5.6 percent (line of credit); 8.66 percent (loan)

Rates on home equity products barely budged this week.

The average home equity line of credit, or HELOC, remained unchanged at 5.6 percent. Home equity loan rates edged down 1 basis point, to 8.66 percent.

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
HOME EQUITY STRATEGIES & ADVICE NEWSLETTER

Advice for homeowners looking for options to use their home’s equity wisely. Delivered monthly.

advertisement

Ask Dr. Don

Tap HELOC to cover college costs?

Dear Dr. Don, I have a home equity line of credit, or HELOC, for $110,000 that expires in September 2016. I do not have a mortgage. I won't need to use the home equity line until 2015 when my children head to college. I'd... Read more

Partner Center
advertisement

Connect with us