- 5.56% (line of credit)
- 7.15% (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 Feb. 9, 2011.
Although mortgage rates showed relatively steep gains this week, loans backed by home equity exhibited little movement.
The typical home equity loan was up by 1 basis point, to 7.15 percent. A basis point is one-hundredth of one percentage point.
The average home equity line of credit, or HELOC, was unchanged at 5.56 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