Home Equity
- 5.54% (line of credit)
- 7.22% (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 July 28, 2010.
Rates on home equity products split this week
The average home equity line of credit, or HELOC, remained unchanged at 5.54 percent.
Meanwhile, home equity loan rates fell 5 basis points, to 7.22 percent. That's the lowest rate since October 2005.
To find the best home equity loan rates in your area, check Bankrate's interactive tool.
-- Chris Kissell