home equity

National home equity loan rates for Aug. 25, 2011

Interest Rate Roundup
Home equity loan rate graph
Find the best home equity rates in your area.

Home Equity

  • 5.40% (line of credit)
  • 6.83% (loan)

Rates on loans backed by home equity inched up in Bankrate's weekly survey.

The typical home equity loan had an interest rate of 6.83 percent, up 1 basis point compared to last week. A basis point is one-hundredth of 1 percentage point.

The typical home equity line of credit, or HELOC, rose 2 basis points to 5.4 percent.

 

 

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Dear Dr. Don, My husband and I have a $173,000 home equity line of credit, or HELOC, carrying an interest rate of 2.25 percent. It has a draw period coming to a close in March 2016. Our monthly payments are to jump at that... Read more

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