- 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.