home equity

National home equity loan rates for Oct. 23, 2014

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

Home Equity

  • 4.77% (line of credit)
  • 6.15% (loan)

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

For the fifth week in a row, the typical home equity loan was 6.15 percent.

The typical home equity line of credit, or HELOC, fell 1 basis point to 4.77 percent. A basis point is one-hundredth of 1 percent.




Show Bankrate's community sharing policy
          Connect with us

Timely market news and advice for consumers ready to buy, sell or invest in real estate. Delivered weekly.


Ask Dr. Don

Use home loan for college costs?

Dear Dr. Don, We have owned our home for five years. It's currently valued at $325,000. We'd like to borrow $50,000 to $70,000 for college costs. Can we take out a second mortgage at a lower interest rate, or must we take... Read more

Partner Center

Connect with us