home equity

National home equity loan rates for May 19, 2011

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

Home Equity

  • 5.55% (line of credit)
  • 6.93% (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 May 18, 2011.

Rates on 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, 1 basis point above a week earlier. A basis point is one-hundredth of 1 percentage point.

On an average home equity line of credit, or HELOC, the interest rate was 5.55 percent, a decline of 1 basis point.

To find the best home equity loan rates in your area, see all Bankrate's 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

Time to sound HELOC alarm bells?

Dear Dr. Don, I have a variable-rate home equity line of credit, or HELOC, at 2.9 percent. I'd like to convert it to a fixed-rate mortgage. I have 20 years remaining to pay off the home equity line. Would it be beneficial... Read more

Partner Center
advertisement

Connect with us