home equity

National home equity loan rates for March 26, 2015

Interest Rate Roundup

Find the best home equity rates in your area.

Home Equity

  • 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.

 

 

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Ask Dr. Don

Time to sound HELOC alarm bells?

Dear Dr. Don, I have a variable-rate home equity line of credit, or HELOC, at 2.9 percent. I'd like to convert it to a fixed-rate mortgage. I have 20 years remaining to pay off the home equity line. Would it be beneficial... Read more

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