- 5.07% (line of credit)
- 6.22% (loan)
Rates on loans backed by home equity barely changed in Bankrate's weekly survey.
The typical home equity loan fell 1 basis point to 6.22 percent. A basis point is one-hundredth of 1 percent.
The typical home equity line of credit, or HELOC, dropped 1 basis point to 5.07 percent.