home equity

National home equity loan rates for Dec. 23, 2010

Interest Rate Roundup
Home equity loan rate graph

Home Equity

  • 5.52% (line of credit)
  • 7.13% (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 Dec. 22, 2010.

There was a slight upward tick in loans backed by home equity this week.

The average rate on home equity loans was 7.13 percent in Bankrate's latest survey, an increase of 2 basis points from last week's 7.11 percent.

The rise was even less for home equity lines of credit, or HELOCs. The typical HELOC rose 1 basis point, settling at 5.52 percent.

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

See all home equity loan rates content.

-- Gregg Fields

 

 

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Time to sound HELOC alarm bells?

Dear Dr. Don, I have a variable-rate home equity line of credit, or HELOC, at 2.9 percent. I'd like to convert it to a fixed-rate mortgage. I have 20 years remaining to pay off the home equity line. Would it be beneficial... Read more

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