- 4.85% (line of credit)
- 6.12% (loan)
Rates on loans backed by home equity edged down in Bankrate's weekly survey.
The typical home equity loan fell 5 basis points to 6.12 percent. A basis point is one-hundredth of 1 percent.
The typical home equity line of credit, or HELOC, also fell 5 basis points to 4.85 percent.