Interest Rate Roundup
home equity
National home equity loan rates

Here's a look at the state of home equity loan rates from Bankrate.com's weekly national survey of large banks and thrifts conducted Dec. 16, 2009.

Home Equity

Rate: 5.6 percent (line of credit); 7.89 percent (loan)

Rates on home equity products split this week.

The average home equity line of credit, or HELOC, edged downward 1 basis point, to 5.6 percent. Home equity loan rates rose 4 basis points, to 7.89 percent.

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

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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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