- 5.48% (line of credit)
- 7.05% (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. 23, 2010.
Home equity products showed a divergent pattern this week, with rates on home equity loans declining slightly and rates for home equity lines of credit, or HELOCs, rising.
The rate for home equity loans dropped to 7.05 percent, down from 7.09 percent last week.
However, HELOCs went in the opposite direction, rising to 5.48 percent from 5.43 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