Here's a look at the state of home equity rates from Bankrate.com's weekly national survey of large banks and thrifts conducted March 10, 2010.
Home Equity
Rate: 5.76 percent (line of credit); 7.75 percent (loan)Rates on home equity products were virtually unchanged this week.
The average home equity line of credit, or HELOC, remained at 5.76 percent.
Meanwhile, home equity loan rates edged down 1 basis point, to 7.75 percent.
To find the best home equity loan rates in your area, check Bankrate's interactive tool.
In other home equity news, a new study finds that recent and severe drops in home equity valuation have left more than 60 percent of U.S. households at risk of not being able to afford a comfortable retirement.
Home equity losses are likely to be more damaging to retirement prospects than recent stock market losses, according to the study by the Center for Retirement Research at Boston College.
See all home equity loan rates content.
-- Chris Kissell