Interest rate roundup
home equity
National home equity loan averages

Here's a look at the state of home equity interest rates from's weekly national survey of large banks and thrifts conducted Nov. 18, 2009.

Home Equity

Rates: 5.59 percent (line of credit); 7.87 percent (loan)

Rates on home equity products split this week.

The average home equity line of credit, or HELOC, remained unchanged at 5.59 percent. Home equity loan rates fell 3 basis points, to 7.87 percent.

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

See all home equity interest rate stories.

-- Chris Kissell


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HELOC vs. reverse mortgage?

Dear Senior Living Adviser, If you have a home equity line of credit , or HELOC, for $150,000 with no balance on it, should you use it instead of a reverse mortgage? Which is a better way to save the assets if there is... Read more

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