home equity

National home equity loan rates for Feb. 24, 2011

Interest Rate Roundup
Home equity loan rate graph

Home Equity

  • 5.55% (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. 23, 2011.

Loans backed by home equity made little movement in the last week.

The typical home equity line of credit, or HELOC, was 5.55 percent nationally, according to Bankate's latest survey. That's a drop of 1 basis point from last week.

The average home equity loan also fell by a basis point, to average 7.15 percent.

A basis point is one-hundredth of 1 percentage point.

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

 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
HOME EQUITY STRATEGIES & ADVICE NEWSLETTER

Advice for homeowners looking for options to use their home’s equity wisely. Delivered monthly.

advertisement

Ask Dr. Don

Use home loan for college costs?

Dear Dr. Don, We have owned our home for five years. It's currently valued at $325,000. We'd like to borrow $50,000 to $70,000 for college costs. Can we take out a second mortgage at a lower interest rate, or must we take... Read more

Partner Center
advertisement

Connect with us