Follow Us: Google+
 
Bankrate.com

Interest Rate Roundup
home equity
National home equity loan rates

Here's a look at the state of mortgage rates from Bankrate.com's weekly national survey of large banks and thrifts conducted Dec. 23, 2009.

Home Equity

Rate: 5.54 percent (line of credit); 7.78 percent (loan)

Rates on home equity products fell sharply this week.

The average home equity line of credit, or HELOC, slipped 6 basis points, to 5.54 percent, the lowest level since April. Home equity loan rates plunged 11 basis points, to 7.78 percent, the lowest level since June 2008.

In other home equity news, delinquency rates on home equity lines of credit and other forms of credit rose in November when compared to the previous month, according to credit reporting bureau Equifax.

Equifax also noted a decline in new home equity credit lines during 2009, with originations down especially sharply in California and Florida.

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

advertisement

Show Bankrate's community sharing policy
            Connect with us
Compare Home Equity Rates



advertisement
Most Read
  1. Nick Nolte's house for sale
  2. 8 eerie ghost towns
  3. 5 best markets for home values
  4. What does a kitchen remodel entail?
  5. Don't sell a smelly house
  6. Headlight requirements by state
  7. 9 gas-only, fuel-efficient cars
  8. 8 affordable, classic cars for retirees
  9. 5 car models that lose value
  10. Top 10 states for foreclosure
Home Equity Averages
Product Rate +/- Last week
$30K HELOC
4.99% 5.00%
$30K home equity loan
6.19% 6.21%
$50K HELOC
4.56% 4.58%
$75K home equity loan
5.97% 6.01%
View rates in your area:
 

A little research could save you BIG on interest.

Don't have time? Our rate-tracker tool saves you time and money. Delivered Thursdays.
 
advertisement
Don Taylorhome equity
Is your home equity lender making unreasonable demands? It might be time to tip off regulators.
Partner Center
advertisement

Advertising Disclosure: Bankrate.com is an independent, advertising-supported comparison service. Bankrate may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website.