home equity

National home equity loan rates for Sept. 29, 2011

Interest Rate Roundup
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Find the best home equity rates in your area.

Home Equity

  • 5.41% (line of credit)
  • 6.72% (loan)

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

The typical home equity loan dropped 7 basis points to 6.72 percent. The typical home equity line of credit, or HELOC, fell 1 basis point to 5.41 percent. A basis point is one-hundredth of 1 percentage point.

 

 

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HOME EQUITY STRATEGIES & ADVICE NEWSLETTER

Advice for homeowners looking for options to use their home’s equity wisely. Delivered monthly.

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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

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