home equity

National home equity loan rates for June 23, 2011

Interest Rate Roundup
Home equity loan rate graph
Find the best home equity rates in your area.

Home Equity

  • 5.60% (line of credit)
  • 6.93% (loan)

Loans backed by home equity showed little movement in the latest Bankrate survey.

The typical home equity loan had an interest rate of 6.93 percent, up 1 basis point from a week earlier. A basis point is one-hundredth of 1 percentage point.

On a typical home equity line of credit, or HELOC, the interest rate was 5.6 percent, down 1 basis point.

-- Gregg Fields




Show Bankrate's community sharing policy
          Connect with us

Ask Dr. Don

HELOC vs. reverse mortgage?

Dear Senior Living Adviser, If you have a home equity line of credit , or HELOC, for $150,000 with no balance on it, should you use it instead of a reverse mortgage? Which is a better way to save the assets if there is... Read more

Connect with us