Interest Rate Roundup
- Line of credit: 4.76%
- Loan: 5.94%
Rates on loans backed by home equity were mixed this week, according to Bankrate's latest survey of interest rates.
For the fourth consecutive week, the average home equity loan was 5.94 percent.
The average home equity line of credit, or HELOC, rose 4 basis points to 4.76 percent. A basis point is one-hundredth of 1 percent.