National home equity loan rates for Aug. 12, 2010
Interest Rate Roundup
- 5.56% (line of credit)
- 7.16% (loan)
Rates on home equity products split this week
The average home equity line of credit, or HELOC, edged up 1 basis point, to 5.56 percent.
Meanwhile, home equity loan rates fell 4 basis points, to 7.16 percent. That's the lowest rate since September 2005.
-- Chris Kissell