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 Oct. 21, 2009.

Home Equity

Rate: 5.55 percent (line of credit); 8 percent (loan)

Rates on home equity products split this week.

The average home equity line of credit, or HELOC, edged down 1 basis point, to 5.55 percent. Home equity loan rates remained unchanged, at 8 percent.

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

-- Chris Kissell

 

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