Interest Rate Roundup
- Line of credit: 4.7%
- Loan: 5.99%
Rates on loans backed by home equity barely moved this week, according to Bankrate's latest survey of interest rates.
The typical home equity loan rose 2 basis points to 5.99 percent. A basis point is one-hundredth of 1 percent.
The typical home equity line of credit, or HELOC, inched up 1 basis point to 4.7 percent.