home equity

National home equity loan rates for Nov. 18, 2010

Interest Rate Roundup
Home equity loan rate graph

Home Equity

  • 5.43% (line of credit)
  • 7.09% (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 Nov. 17, 2010.

Home equity-related loans were little changed in the latest Bankrate survey.

The average rate on a home equity line of credit, or HELOC, declined slightly, to 5.43 percent from 5.45 percent.

The inverse was true with home equity loans, although, as with HELOCs, the change was small. Home equity loans had an average rate of 7.09 percent, up two basis points from 7.07 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

 

 

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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

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