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home equity

National home equity loan averages

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 June 3, 2009.

Home Equity

Rate: 5.62 percent (line of credit); 8.6 percent (loan)

Rates on home equity products rose slightly.

The average home equity line of credit, or HELOC, rose 3 basis points, to 5.62 percent. Home equity loan rates edged up 1 basis point, to 8.6 percent.

To find the best home equity loan rates in your area, check Bankrate's interactive tool.

-- Chris Kissell

 

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Posted: June 4, 2009
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About this index
Home Equity Averages
Product Rate +/- Last week
$30K HELOC
4.99% 5.00%
$30K home equity loan
6.17% 6.19%
$50K HELOC
4.56% 4.56%
$75K home equity loan
5.94% 5.97%
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