Interest Rate Roundup
home equity
National home equity loan rates

Here's a look at the state of mortgage rates from'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


Show Bankrate's community sharing policy
          Connect with us

Advice for homeowners looking for options to use their home’s equity wisely. Delivered monthly.


Ask Dr. Don

Too soon for home equity loan?

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

Partner Center

Connect with us