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 31, 2010.
Rate: 5.69 percent (line of credit); 7.68 percent (loan)
Rates on home equity products sank this week.
The average home equity line of credit, or HELOC, fell 6 basis points, to 5.69 percent.
Meanwhile, home equity loan rates also dropped 6 basis points, to 7.68 percent. That's the lowest rate 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