Home Equity
- 5.57% (line of credit)
- 7.16% (loan)
Here's a look at the state of home equity rates from Bankrate.com's weekly national survey of large banks and thrifts conducted Aug. 18, 2010.
Rates on home equity products split this week.
The average home equity line of credit, or HELOC, edged up 1 basis point, to 5.57 percent.
Meanwhile, home equity loan rates remained unchanged at 7.16 percent. That's the lowest rate since September 2005.
To find the best home equity loan rates in your area, check Bankrate's interactive tool.
-- Chris Kissell