home equity

National home equity loan rates for March 24, 2011

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

Home Equity

  • 5.56% (line of credit)
  • 7% (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 March 23, 2011.

Loans backed by home equity moved in opposing directions this week, according to the latest Bankrate national survey.

The typical home equity loan averaged 7 percent, a drop of 5 basis points from last week. A basis point is one-hundredth of 1 percentage point.

The average for home equity lines of credit, or HELOCs, was up by 3 basis points to 5.56 percent.

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

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
advertisement

Connect with us