Interest Rate Roundup
home equity
National home equity loan rates

Here's a look at the state of home equity rates from Bankrate.com's weekly national survey of large banks and thrifts conducted Feb. 24, 2010.

Home Equity

Rate: 5.75 percent (line of credit); 7.69 percent (loan)

Rates on home equity products fell this week.

The average home equity line of credit, or HELOC, slipped 2 basis points, to 5.75 percent.

Meanwhile, home equity loan rates sank 8 basis points, to 7.69 percent. Loan rates are now at their lowest levels since April 2008.

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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