home equity

National home equity loan rates for June 30, 2011

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

Home Equity

  • 5.59% (line of credit)
  • 6.85% (loan)

Loans backed by home equity showed downward movement in interest rates in the last week.

The Bankrate survey found an average rate of 6.85 percent on home equity loans, a relatively steep drop of 8 basis points compared to 6.93 percent a week earlier. A basis point is one-hundredth of 1 percentage point.

With the typical home equity line of credit, or HELOC, the rate was 5.59 percent, down 1 basis point.

-- Gregg Fields




Show Bankrate's community sharing policy
          Connect with us

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


Ask Dr. Don

Tap HELOC to cover college costs?

Dear Dr. Don, I have a home equity line of credit, or HELOC, for $110,000 that expires in September 2016. I do not have a mortgage. I won't need to use the home equity line until 2015 when my children head to college. I'd... Read more

Partner Center

Connect with us