Here's a look at the state of home equity rates from Bankrate.com's weekly national survey of large banks and thrifts conducted May 5, 2010.
Home EquityRates: 5.7 percent (line of credit); 7.42 percent (loan)
Rates on home equity products split this week.
The average home equity line of credit, or HELOC, remained unchanged for the second straight week at 5.7 percent.
Meanwhile, home equity loan rates fell 17 basis points, to 7.42 percent. Rates are at their lowest levels since December 2005.
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