Interest Rate Roundup
home equity
National home equity loan rates: April 29, 2010

Here's a look at the state of home equity rates from Bankrate.com's weekly national survey of large banks and thrifts conducted April 28, 2010.

Home Equity

Rates: 5.7 percent (line of credit); 7.59 percent (loan)

Rates on home equity products split this week.

The average home equity line of credit, or HELOC, remained unchanged at 5.7 percent.

Meanwhile, home equity loan rates fell 1 basis point, to 7.59 percent. Rates remain at their lowest levels since April 2006.

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

See all home equity loan rates content.

-- Chris Kissell

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Tap HELOC to cover college costs?

Dear Dr. Don, I have a home equity line of credit, or HELOC, for $110,000 that expires in September 2016. I do not have a mortgage. I won't need to use the home equity line until 2015 when my children head to college. I'd... Read more

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