home equity

National home equity loan rates for Sept. 25, 2014

Interest Rate Roundup
Find the best home equity rates in your area.

Home Equity

  • 4.78% (line of credit)
  • 6.15% (loan)

Rates on loans backed by home equity moved down this week, according to Bankrate's latest survey of interest rates.

The typical home equity loan fell 1 basis point to 6.15 percent. A basis point is one-hundredth of 1 percent.

The typical home equity line of credit, or HELOC, plummeted 14 basis points to 4.78 percent. The drop reflects a change in the composition of Bankrate's survey in the Washington, D.C., area.

 

 

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