home equity

National home equity loan rates for May 28, 2015

Interest Rate Roundup

Find the best home equity rates in your area.

Home Equity

  • Line of credit: 4.75%
  • Loan: 6%

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

For the second consecutive week, the typical home equity loan was 6 percent.

The typical home equity line of credit, or HELOC, rose 1 basis point to 4.75 percent.




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Dear Dr. Don, I wish to help my daughter pay for nursing school by getting a $70,000 home equity line of credit . She would like to pay it off in the next 15 to 20 years. One variable-rate option carries a cost of the... Read more

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