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