Here's a look at the state of home equity interest rates from Bankrate.com's weekly national survey of large banks and thrifts conducted Nov. 18, 2009.Interest Rate RoundupMortgagesCDsAuto LoansHome EquityCredit CardsHome EquityRates: 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 advertisementRelated Links:Know risks before tapping home equityHow do I ... Claim a tax deduction for home equity interestWhat lenders look forRelated Articles:Home equity ratesTrimming HELOC costsDon't make HELOC top dog
Here's a look at the state of home equity interest rates from Bankrate.com's weekly national survey of large banks and thrifts conducted Nov. 18, 2009.
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
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.
By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.
A little research could save you BIG on interest.