home equity

National home equity loan rates for Dec. 30, 2010

Interest Rate Roundup
Home equity loan rate graph

Home Equity

  • 5.51% (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 Dec. 29, 2010.

Home equity-backed loans showed slight movement in the last week.

The average home equity line of credit, or HELOC, was unchanged at 5.51 percent.

The average home equity loan, however, rose 3 basis points to settle at 7.16 percent. A basis point is one-hundredth of 1 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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