home equity

National home equity loan rates for Sept. 15, 2011

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

Home Equity

  • 5.44% (line of credit)
  • 6.89% (loan)

Rates on loans backed by home equity changed slightly in Bankrate's weekly survey.

The typical home equity loan had an interest rate of 6.89 percent, unchanged compared to last week.

The typical home equity line of credit, or HELOC, fell 1 basis point to 5.44 percent. A basis point is one-hundredth of 1 percentage point.

 

 

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Ask Dr. Don

HELOC vs. reverse mortgage?

Dear Senior Living Adviser, If you have a home equity line of credit , or HELOC, for $150,000 with no balance on it, should you use it instead of a reverse mortgage? Which is a better way to save the assets if there is... Read more


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