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

 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
MORTGAGE & REAL ESTATE NEWSLETTER

Timely market news and advice for consumers ready to buy, sell or invest in real estate. Delivered weekly.

advertisement

Ask Dr. Don

Too much debt, too few options

Dear Dr. Don, My husband and I have a $173,000 home equity line of credit, or HELOC, carrying an interest rate of 2.25 percent. It has a draw period coming to a close in March 2016. Our monthly payments are to jump at that... Read more

Partner Center
advertisement

Connect with us