home equity

National home equity loan rates for Sept. 8, 2011

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

Home Equity

  • 5.45% (line of credit)
  • 6.89% (loan)

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

The typical home equity loan had an interest rate of 6.89 percent, down 1 basis point compared to last week. A basis point is one-hundredth of 1 percentage point.

The typical home equity line of credit, or HELOC, rose 3 basis points to 5.45 percent.

 

 

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Dear Dr. Don, I was wondering if it is possible to take out a second mortgage on my house to pay for my student loans. I've owned my house for about one year now, but I don't have much equity in the home. My student loan... Read more

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