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home equity

National home equity loan rates for Oct. 21, 2010

Interest Rate Roundup
Home equity loan rate graph

Home Equity

  • 5.44% (line of credit)
  • 7.1% (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 Oct. 20, 2010.

Rates on home equity products fell this week.

The average home equity line of credit, or HELOC, fell 3 basis points, to 5.44 percent.

Meanwhile, home equity loan rates sank 8 basis points, to 7.1 percent.

To find the best home equity loan rates in your area, check Bankrate's interactive tool.

See all home equity loan rates content.

-- Chris Kissell

 

 

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Home Equity Averages
Product Rate +/- Last week
$30K HELOC
4.99% 4.99%
$30K home equity loan
6.19% 6.17%
$50K HELOC
4.55% 4.52%
$75K home equity loan
5.91% 5.93%
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Don Taylorhome equity
Is your home equity lender making unreasonable demands? It might be time to tip off regulators.
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